06 January 2014
Indian citizen residing in Dubai; NRI for A.Y. 2011-12, having income from India. Int on FD on which bank deducted 12.5 percent TDS. India is having DTAA with UAE. Whether NRI can claim tax payable 12.5 percent on Interest on FD in India? AO says NRI has to pay 30 percent tax. Please clarify.
CAclubindia
