TAxability of Non Resident

yes interest is taxable.........

1. Yes its chargeable to tax @ 20%

2.No proviso to section 111A does not applicable on Non-Resident.

Dear linesh,

If 20% tax should be there then why bank never deduct TDS under section 195 in case of Non-Resident in NRE Deposit.

As section 195 applies to any Sum

Dear Biraj,

Interest on NRE A/c is Exempt U/s 10(4)(ii).

Can STCG income(Special Rate Income) can be shifted to Basic Exemption limit of Rs.160000/- in case of NR also? 

No.

This income is liable to be taxed at Special Rates. 

Only residents are allowed to do so.