TDS on interest paid to NRE Deposit

This query is : Resolved 

Quick Summary
This discussion clarifies whether Tax Deducted at Source (TDS) is applicable on interest paid for Non-Resident External (NRE) deposits held in Indian currency. The consensus is that TDS is not applicable to NRE accounts, even when held in Indian Rupees, distinguishing them from Non-Resident Ordinary (NRO) accounts where TDS may apply.

12 February 2020 Whether TDS is applicable for Interest paid on NRE Deposit held in Indian Currency.

12 February 2020 TDS deducted on NRO account held in Indian currency.
No TDS on NRE foreign currency account.

12 February 2020 Thank you sir. In our case we are having an NRE account in Indian Currency, Whether TDS is applicable or not sir

12 February 2020 No TDS applicable on NRE account.

13 February 2020 TDS is not applicable on NRE accounts


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
26 September 2026
Chartared Accountant

pushpganga ventures

Pune

CA

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details