Here is the solution...File your Return of Income and get Refund alongwith interest directly credited in your Bank Account...
In most of the cases the prescribed rate for deduction of tax at source for NRI's is the maximum rate i.e. 30% (at present). However, there are number of provisions under the income tax act which allows special exemptions for NRI's and thus intends for lower tax outgo.
Inspite of this, only in very few cases such benefit is being utilised by the NRI's as they don't claim the refund by filing their Return of Income assuming the process to be very cumbersome and time consuming. However, the facts are something else.
Getting credit of the refund alongwith interest directly to your Bank account is an easy process and can be done by sitting at the comfort of home....
Process to get the refund of excess Income Tax deducted is as follows:
• Filing of the return: To claim income tax refund, NRI's are just required to file the return of income, declaring all the income taxable in India (not Global Income) and showing tax deducted on it.
• Tax liability will be arrived by taking all such income into consideration and giving all the benefits available.
• The excess taxes paid will be shown as refund receivable by the person on whose behalf return is being filed.
• Such return will be processed by the Income tax department and checked for authenticity of the facts disclosed.
• Once everything is found to be in order, refund will be granted and credited directly to your Bank account.
Nothing can be as simple as this is...
In case of any further queries or help required to file the Return of Income, to claim tax refund, please mail us at info@nritaxhelp.com and we will help you on the same.