I'm really confused. I'm an NRI. But if I make more than the tax cut off per annum through stocks at NSE, I know I am liable to pay tax. I also know that this tax and some other taxes (STT,etc) would be deducted at source from my bank account. Thats fine.
But what confuses me is....do I still need to file my returns? I mean its already deducted right, so whats the need to file the returns? The bank asked me for the PAN while opening the demat account, so it can be verified that my tax has been paid at source.
But what confuses me is....do I still need to file my returns? I mean its already deducted right, so whats the need to file the returns? The bank asked me for the PAN while opening the demat account, so it can be verified that my tax has been paid at source.