12 August 2012
A person of Indian origin having NRI status(residing at UAE) is getting Rs.60,00,000 as bank interest from deposits made in India.Bank is deducting tax at source @ 12.2% by availing the benefit of DTAA.Is there any option for this person to opt out from filing of return of income in India?Is he liable to be taxed at the normal slab rate applicable?
CAclubindia
