banner_ad

Taxability of Non Resident

This query is : Resolved 
Profile Image

Profile Image

(Querist)
02 December 2010 Dear All,

A Non-Resident having Term Deposit in Nationalised bank. Amount brought in foreign currency.

and he has other income of Short Term Capital Gain (U/s.111A - 15%)..



TDS deducted on STCG at 15% under saction 195.



I have two issues:

1. Whether interest earned on FD are taxable to non resident?

2. Can STCG income(Special Rate Income) can be shifted to Basic Exemption limit of Rs.160000/- in case of NR also?



Reply with relevent saction or other things..

Thanx
Profile Image

Santhosh Poojary

Profile Image

Santhosh Poojary (Querist)
03 December 2010 Dear all Experts,

Awaiting for Reply
Profile Image

CA Siddhartha Bhardwaj

Profile Image

CA Siddhartha Bhardwaj (Expert)
04 August 2012 1. Any income earned in India is taxable. Accordingly interest earned from fixed deposits in India is taxable.

2. The benefit of slab rate u/s 111A is available only to a resident. It is NOT available to a non resident.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details