Tax rate on interest on fdr for nri
This query is : Resolved
15 July 2013
Dear Sir,
There is a person who is resident of Dubai, earning Income from FDR arising in India Amounting Rs.7000000. so please guide us what tax rate will be applicable for his income???
Is normal tax rate will be applicable or there is some special rate for NRI with reference to DTAA????
There is a person who is resident of Dubai, earning Income from FDR arising in India Amounting Rs.7000000. so please guide us what tax rate will be applicable for his income???
Is normal tax rate will be applicable or there is some special rate for NRI with reference to DTAA????
15 July 2013
It depends if the country of NRI which he resides or has business usually and india has any DTAA or not.
else sec195 will be governing
for NRI.
else sec195 will be governing
for NRI.
18 July 2013
Dear Sir,
India has a DTAA with UAE but I dont know if any special rate of tax is provided in DTAA or this income will be taxed at normal slab rates.
India has a DTAA with UAE but I dont know if any special rate of tax is provided in DTAA or this income will be taxed at normal slab rates.
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