This video will discuss about income tax refunds for NRIs
What does it take to get income tax refund for NRIs and what all do they need to keep in mind?
NRIs often ask whether it is compulsory for them to file income tax returns
If you have an income in India that is below Rs 2.5 lakh, it is not mandated that NRIs file income tax
However, if you want to claim income tax refund, the first step is filing your income tax return
You have a portal to file income tax returns
The first step is to fill up ITR-1 to file your income tax returns
You will then get an acknowledgement on a form ITR-5
You will need to sign this form send it to the Bengaluru office of CPC
Then, the process for income tax return starts and you get the refund credited in the bank savings account mentioned in the income tax return
In case of your NRO account, if your annual income is below Rs 2.5 lakh, the TDS is deducted at a flat rate of 30% from the income earned
To claim that refund or any other refund, you need to file income tax