Stcg for nri in itr filing

Dear all,

 

For an NRI, if someone makes a withdrawal of equity mutual fund in short term, he is already subject to TDS of 15% as short term capital gain. In this case, is it necessary to file ITR only for this? The total amount is meager 8000 rupees  (already subjected to TDS of around 1500 rupees)

 

 

Thanks and Regards

 

Seprac

Replies (3)
though the status is nri, they also eligible for basic exemption limit. so in order to claim the TDS as refund, filing of ITR is must

Thanks a lot for your answer. On a related note, I would also like to clarify if in case an NRI has FDs in NRE account. It is tax free in India.

If the person has income only from this NRE FD (which is tax free), does he still need to file and report this income in ITR2?

ITR2 has Schedule - EI to report Exempt Income. The tax free interest on NRE FD can be reported there in Schedule EI.

NRE Bank Account should be declared in the Bank Accounts.

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