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Can an NRI claim back excess TDS?

To claim a refund, you need to file your income tax return in India

When I redeem for SIPs from my ultra short term debt funds, TDS of 30% is applied before the payout. Can I claim for refund as I am an NRI and I don t have any other income in India. Can I file the ITR online?
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Sabu Jose

To claim a refund, you need to file your income tax return in India. You can do so online using the Income Tax e-filing portal.

NRIs are taxed in India for income that is earned in India. Fund houses are mandated to deduct TDS on the investment of NRIs at the time of redemption at the rates mentioned in the table below. But if it is more than your actual tax liability in India, you can file your return and claim a refund.

  Applicable Tax Rates for NRI  
Category Tax Rates TDS Rates
Short Term Capital Gain    
Non-equity Oriented Scheme As per the income tax slab 30% for Non Resident Individuals
Equity Oriented Scheme 0.15 0.15
Long Term Capital Gain    
Listed Non-Equity Oriented Scheme 10% without Indexation or 20% with indexation, whichever is lower 20% for Non Resident Individuals
Unlisted Non-Equity Oriented Scheme 10% without indexation 10% for Non Resident Individuals
Equity Oriented Scheme Nil Nil
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