Dear sir,
Can you please assist me as how can i avoid my tds on interest income from NRO account @ 30.09%. my yearly income in india including interest is less than 200000. Is there any form available for no deduction of tds by bank like as in case of resident there is 15G/H is available.
As NRO account is not tax free, you cannot avoid tds. However, if there is a DTAA between India and the country you are staying in and a lower rate is prescribed in DTAA then in that case tax has to be deducted at that lower rate. If the tax at 30.9% has already been deducted then you can claim a refund.
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