23 June 2014
A person of Indian Origin is now a resident of U.S.A. In the previous year the person has earned interest income in India on loans to various parties.
1.) What should be the rate to tax to be deducted by the deductees keeping in view the DTAA with U.S.A?
2.) If the income from such interest exceed Rs. One Crores, whether the assessee is required to get its account audited?
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