NRls Can Apply For Refund Of Income Tax By Filing Income Tax Return

[Procedure for the Filing of Income Tax and Wealth Tax Returns, Assessment, and Refunds]

Where the amount of income tax deductible from the income of a nonresident Indian or the amount of advance tax or any other tax paid by him or treated as paid by him or on his behalf for any assessment year exceeds the amount by which he is properly chargeable under the Income Tax Act for that year, he would be entitled to a refund of the excess income tax. Every claim for refund has to be made in the prescribed Form No. 30 obtainable from any Income tax Officer. The return of income must accompany such form. Such a claim for refund must be made within one year from the last day of the assessment year in which the income in respect of which the claim is made was assessable. Interest  1/2% p.m. from 1 April of the assessment year till the date the refund is granted
 
Procedure for the Filing of Income Tax and Wealth Tax Returns, Assessment, and Refunds
1. Income Tax Return To Be Voluntarily Filed And Tax Paid On Self-Assessment If An NRI has Taxable Income In India
2. The Assessing Officer Can Also Require The Non-Resident To File Income Tax Return
3. NRls Can Apply For Refund Of Income Tax By Filing Income Tax Return
4. Income Of Nris Is Generally Accepted Without Scrutiny
5. Regular Assessment After Personal Hearing, And Examination Of Papers, Etc. By The Assessing Officer
6. Ex Parte Assessment By The Assessing Officer
7. Re-Assessment Or Additional Assessment In Case Of Income Escaping Assessment
8. Completion Of Assessment And Payment Of Tax
9.Provision Regarding Penal Interest And Penalty For Delay In Filing Income Tax Return Or Payment Of Tax
10. Deduction Of Tax At Source And Payment Of Advance Tax By NRIs
11. Remedies By Way Of Appeal, Etc. Available To A Non-Resident Indian
12. Other Provisions For Rectification And Settlement Of Cases
13. Who can be an Agent of a Non-Resident Indian?
14. Procedure for getting a Permanent A/c Number (PAN)
15. Double Taxation Relief
16. Assessment Procedure for Wealth Tax
 
 
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