Hello Experts.. Kindly clarify my questions below. Appreciate your time.
*Situation* : NRI (on H1B status) has a office space in India for rent. Tenant deposits the rent to NRI's account by deducting 30% TDS and submits Form 15CA. 30% TDS is deducted because that's the RULE for NRI taxation.
*Questions below*:
1. Is the NRI entitled to receive a refund if his annual income in India falls only in the 20% income tax slab rate?
2. can the NRI submit FORM 13 requesting to lower the TDS deduction from 30% to 20% as his annual income falls only in the 20% tax slab rate.
If #2 doesn't apply for NRIs, is it that FORM 13 is only for resident Indians and not for NRIs at all?
CAclubindia
