If interest on FDR is created out of NRE account, whether it is subject to tax and whether TDS is required to be deducted by the bank on the same...??
Thanx & Regards
Rahul Rustagi
Interest on NRE and FCNR account are tax free
please confirm with others also .
Interest earned on Non Resident External (NRE) accounts and Foreign Currency Non Resident (FCNR) accounts are tax free in India. Hence, there would be no TDS.
SSGS and Associates
Chennai
CA Inter
View Details
CAclubindia
