Exemption from return filing for NRIs when income is only investment income or long term gains and tax is deducted at source.

Clause 216 exempts a Non-Resident Indian from furnishing a return where the taxpayer's Indian income consists solely of investment income and/or long-term capital gains and the tax on that income has been deducted at source under the restructured TDS chapter; absence of either condition renders the exemption inapplicable and return filing mandatory.

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