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Nro account tax savings

Tax queries 141 views 2 replies

Dear Sir/Madam,

I am having an NRO savings account and had few fixed deposits where TDS for interest is charging at around 30.9%. As I don't have any other income in INDIA, is it possible to reclaim this paid tax under free slab rate of Rs 2,50,000 per annum when I file IT returns ? If not, is there any other alternative for fixed deposits to save tax ?

Look forward to hear response from you.

Thanks,

Prav

 

 

Replies (2)

Hello Admin,

Why my question has been moved from "Tax queries" section ?

Thanks,

Prav

you can take basic deduction of RS 2.5 lakh and ask for refund of TDS deducted.


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