We have to make interest payment to NRI who has invested in indian rupees through NRO account. What shall be the TDS rate as we are paying him interest by way of demand draft in indian rupees.
Shilpi Joshi (SERVICE) (24 Points)
05 March 2014We have to make interest payment to NRI who has invested in indian rupees through NRO account. What shall be the TDS rate as we are paying him interest by way of demand draft in indian rupees.
SHASHANK AGARWAL
(self employed)
(114 Points)
Replied 05 March 2014
depends upon the type of securities issued to the NRI.
however the genral rate is taht of 10%.
for more queries : https://knowyourtaxation.blogspot.in/
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