Tds on interest income for non resident
Querist : Anonymous
I am a Non Resident and have earned an Interest of Rs 210,000 for the current financial year from an relative.
I gave him a cheque from my NRE account and received interest in one of my savings account.
Is the Interest received eligible for TDS and can i file a return and claim refund.
To claim refund, if any, you need to file income tax return in India.
Querist : Anonymous
What will be the rate of TDS.
Will it be 30% or 10%.
Is there any other way to avoid the same.
I dont think you have any way to avoid the TDS liability whatever the quantum might be.
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