Tds on interest credited in nre bank account
This query is : Resolved
Nishant Salunkhe
(Querist)
11 April 2012
Whether TDS is deductible on interest credited to NRE bank account. If yes, then at what rate and is there any maximum limit upto which TDS is not deducted.
Please reply.
Thanks
Please reply.
Thanks
O.D.SHARMA
(Expert)
12 April 2012
Dear,
There is no TDS on NRE accounts till now.Its Tax free
There is no TDS on NRE accounts till now.Its Tax free
CA PRAVEEN SINGH
(Expert)
12 April 2012
YES...
AGREE WITH ABOVE EXPERT...
AGREE WITH ABOVE EXPERT...
14 April 2012
I also agree with the expert. Let me further clarify you that in Savings bank account banks are also not deducting TDS
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