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Income tax on nro

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(Querist)
07 October 2012 Is income tax applicable on interest earned on NRO account if not why TDS HAS BEEN DEDUCTED?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
07 October 2012 Interest earned on balances in NRO account is not exempted from Indian Income tax. Instead income tax is deducted at source (TDS)from such interest.
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