Nro interest income expemt or not ?

Kapil Taparia (Job) (49 Points)

07 March 2013  

I am NRI and living at Dubai. I have NRO account and earned interest income. Tds deducted under sec 195 @ 12.5 % (because of DTAA) agreement on interest income. is interest income should be taxable under income tax act or not ?

Please advice how to not make tax on NRO interest income and reason also ?