Bank interest
This query is : Resolved
01 November 2008
Do you agree that interest on NRO deposit is taxable @ 20% u/s 115E r.w.s. 115C and not @ 30% u/s 195 of the incometax act,1961.
01 November 2008
Yes. But 195 is TDS section.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Regarding Sale of Agriculture Land
- Deduction for HUF
- Complete TDS taxation rules for NRIs(Middle East) for Equity Mutual Funds
- How to apply PAN of a news paper publisher
- Interest on Death Compensation reced by legal heirs
- EXEMPTION UNDER SECTION 54 FOR UNDER CONSTRUCTION FLAT
- Tax Audit for FY 2024-25.
- Taxable part of immediate annuity
- ICWAI-Final best coaching center for online by English
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
Trending Online Classes
-
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
CA Nipun Arora03 September 2025 -
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Industry Expert15 September 2025
CAclubindia
