Why am I being charged TDS in my NRI Non-PIS account?

Why am I being charged TDS in my NRI Non-PIS account?

TDS is deducted in your NRI Non-PIS account as per Section 195 of the Income Tax Act, 1961, which mandates the deduction of tax on income generated in India by non-residents, including capital gains from the sale of securities. Additionally, as per Foreign Exchange Management Act (FEMA Regulations), sale proceeds must be credited net of applicable taxes.

For detailed information on how TDS works for NRI Non-PIS accounts, kindly refer to this article.

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