Nri
This query is : Resolved
Sujal Patel
(Querist)
05 February 2013
Can an OD account be shown on books of account for an indian resident, where the OD is taken against debt mutual fund asset holdings held bu an NRI.
Coz if the OD account is shown on NRI books then any interest received by NRI from an individual or firm shall be liable to 30% deduction of tax(TDS).
Is there any way out to this issue?
Thanks in advance!
Coz if the OD account is shown on NRI books then any interest received by NRI from an individual or firm shall be liable to 30% deduction of tax(TDS).
Is there any way out to this issue?
Thanks in advance!
CA. Anuj Gupta
(Expert)
20 May 2013
As far as I understand , OD has been obtained from a bank and not NRI , so there is no question of deduction of TDS.
Anuj
Femaquery@gmail.com
Anuj
Femaquery@gmail.com
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
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
