Dear Sir,
An NRI having permanent residence of Canada also having Canadian Passport taken a Life Insurance Policy from State Bank of India many years ago.
Now said Policy get matured and Proceeds were paid by SBI after deducting TDS @ 30% u/s 195 on full policy amount.
Whether said deduction is correct ??
Can NRI file his Income Tax return & claim exemption u/s 10 (10D) so that TDS deducted will be claim as Refund ??
Please advise.
Thanking You in Advance.
CAclubindia
