Section 216 — Return of income not to be furnished in certain cases
Old Act equivalent: Section 115G of IT Act 1961 Sub-part: E—Special provisions relating to non-residents and foreign companies
Statutory Text
- It shall not be necessary for a non-resident Indian to furnish a return of his income under section 263(1), if—
(a) his total income during the tax year consisted only of investment income or income by way of long-term capital gains or both; and
(b) the tax deductible at source under the provisions of Chapter XIX-B has been deducted from such income.
[Application of benefits under sections 212 to 216.
Provisos
None.
Explanations
None.
Tables
None.
Key Structure
- Applies to: Non-resident Indian whose total income consists only of investment income/LTCG from foreign exchange assets with TDS deducted.
- Conditions: Total income consists only of investment income or LTCG with tax fully deducted at source.
- Time limits: None.
- Monetary limits: None.
- Exceptions: Not applicable if there is any other income.
Cross-References
Amendment Notes
None noted from the extracted pages.