An NRI (below the age of 60 years) has certain short term capital gains from debt mutual funds. He also has some NRO FD interest for which TDS has been deducted. - An NRI (below the age of 60 years) has certain short term capital gains from debt mutual funds. He also has some NRO FD interest for which TDS has been deducted. - Ask the Expert - Fee Only Investment Advisers

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An NRI (below the age of 60 years) has certain short term capital gains from debt mutual funds. He also has some NRO FD interest for which TDS has been deducted.

Both incomes together are less than Rs. 5 lakhs. Can he claim rebate (since income is below Rs. 5 lakhs) and thereby claim refund of TDS deducted at the time of filing it returns?

Rebate under section 87A is not available to non- residents. So the basic exemption limit for non-residents (below the age of 60 years) remain at Rs. 2.50 lakhs only.