TDS on Interest earned from NRO Saving Account


This query is : Resolved 

Quick Summary
This discussion clarifies whether Tax Deducted at Source (TDS) applies to interest earned on Non-Resident Ordinary (NRO) savings accounts. The consensus is that TDS is indeed deductible. Specifically, the relevant section of the Income Tax Act for this deduction is Section 195.

07 August 2020 Whether TDS is deductible? if so under which SEc. of I.T. Act?

07 August 2020 Yes, under section 195.

07 August 2020 Thank You Mr. Warrier!


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