TDS on interest on FD

TDS 595 views 2 replies

Whether TDS is deductible on interest on Fixed Deposit paid to non-resident by a nationalized bank ?

If yes please tell me the rate and section ...

Replies (2)

Section 194A begins with Any person6, not being an individual or a Hindu undivided family, who is responsible for paying6 to a resident any income by way of interest other than income.

 

Thus the answer to your question is no.

AS PER MY OPINION

 

THE TDS RATE IS 30%

& IN CASE OF NRI THE TDS IS DEDUCTIBLE ON BOTH

FDR AS WELL AS SAVINGS INTEREST


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