https://www.taxtmi.com/article/detailed?id=10561 NRI taxable income comprises India sourced capital gains, interest on term deposits, mutual fund income and rents; foreign sourced income is not taxable in India by default. Withholding tax is levied on such India source receipts and may exceed an NRI's tax liability; filing an income tax return is the mechanism to claim any refund. Standard deductions are generally not available against investment income, and limited statutory exemptions can exempt fully tax free NRIs from filing. en-us Mon, 25 Jul 2022 09:21:45 +0530 Mon, 25 Jul 2022 09:21:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10561 NRI taxable income comprises India sourced capital gains, interest on term deposits, mutual fund income and rents; foreign sourced income is not taxable in India by default. Withholding tax is levied on such India source receipts and may exceed an NRI's tax liability; filing an income tax return is the mechanism to claim any refund. Standard deductions are generally not available against investment income, and limited statutory exemptions can exempt fully tax free NRIs from filing. Articles Income Tax Mon, 25 Jul 2022 09:21:45 +0530 https://www.taxtmi.com/article/detailed?id=10561