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 ...
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TDS on interest on FD
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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