Everything NRIs Need to Know About TDS

TDS Rules for NRIs: Key Points to Remember

Non-Resident Indians earning income in India must understand Tax Deducted at Source rules. It applies to various incomes like rent, interest, and capital gains. For example, rental income has a 30% TDS rate, plus charges. However, interest on NRE and FCNR deposits is exempt from TDS.

Everything NRIs need to know about TDS includes:

● Understanding applicable rates

● Claiming refunds for excess deductions

NRIs can apply for a lower deduction certificate using Form 13 if eligible. This helps in reducing the TDS rate on specific incomes. Filing income tax returns is necessary to claim any excess TDS paid. Maintaining accurate records ensures smooth financial management and compliance with Indian tax laws.