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TDS on income from investment in shares

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Naina

Stuednt

47 Points Posted on 23 June 2022

Sir/Ma'am
For an NRI, If income from investment in shares of a Jewellery is Rs. 30,000.
And TDS is being deducted on the same.
What should be done so that no TDS will be deducted!?

Replies (4)

Quick Summary

For NRIs earning income from share investments in India, TDS is typically deducted, often at a higher rate than for residents. While there's no direct way to prevent TDS deduction entirely, you can claim a refund if the deducted amount exceeds your actual tax liability by filing a tax return. Any income accrued or received in India is taxable for NRIs, regardless of their residential status.

CA Rashmi Gandhi

Chartered Accountant

44442 Points Posted on 23 June 2022

There is no such way , you have to file return and claime TDS refund.

Naina

Stuednt

47 Points Posted on 24 June 2022

Thank you Ma'am.
But for NRI Investment income is not taxable right!?

JJJ

Need help

436 Points Posted on 24 June 2022

Originally posted by : Naina
	Thank you Ma'am. But for NRI Investment income is not taxable right!?

Almost all incomes of NRIs are subject to TDS and that too usually at a higher rate than for residents.

If at the end of the year the accumulated TDS is more than the tax you need to pay then you can claim it back as a refund by filing a return, just like a resident would.