Query(nri income)
This query is : Resolved
23 July 2015
Sir/Madam,
Y is Chapter VI A deductions not allowed against interest income of non residents u/s 115D?
Thanks in advance.
CA R SEETHARAMAN
(Expert)
23 July 2015
As such deductions relate to mostly residents it is not allowed for non residents.
Amol S Joglekar
(Expert)
23 July 2015
Section 115 and the like ones give a concessional rate of tax to non residents and that is why chapter VIA is deliberately kept away.
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