TDS on NRO Saving Interest
This query is : Resolved
CA. Rajesh P. Ahir
(Querist)
11 July 2011
Whether TDS is require to be deducted from
1) Saving Interest on NRO A/c
2)Saving Interest on NRE A/c
3)FD Interest on NRo A/c
4)FD Interest on NRo A/c
If YES, Than What is the Rate of TDS...
Share
1) Saving Interest on NRO A/c
2)Saving Interest on NRE A/c
3)FD Interest on NRo A/c
4)FD Interest on NRo A/c
If YES, Than What is the Rate of TDS...
Share
CA PARAS BAFNA
(Expert)
11 July 2011
If interest payable by the bank , exceeds Rs. 10000/ TDS will be deducted-
1) Saving Interest on NRO A/c : TDS @ 10%
2)Saving Interest on NRE A/c: Int is Tax free so No TDS
3)FD Interest on NRo A/c : TDS @ 10%
4)FD Interest on NRo A/c : As Above.
1) Saving Interest on NRO A/c : TDS @ 10%
2)Saving Interest on NRE A/c: Int is Tax free so No TDS
3)FD Interest on NRo A/c : TDS @ 10%
4)FD Interest on NRo A/c : As Above.
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