Easy Office
LCI Learning

Tds on interest credited in nre bank account

This query is : Resolved 
Profile Image

Profile Image

(Querist)
11 April 2012 Whether TDS is deductible on interest credited to NRE bank account. If yes, then at what rate and is there any maximum limit upto which TDS is not deducted.

Please reply.

Thanks
Profile Image

O.D.SHARMA

Profile Image

O.D.SHARMA (Expert)
12 April 2012 Dear,
There is no TDS on NRE accounts till now.Its Tax free
Profile Image

CA PRAVEEN SINGH

Profile Image

CA PRAVEEN SINGH (Expert)
12 April 2012 YES...
AGREE WITH ABOVE EXPERT...
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

C A S.S.Agarwal, M.Com.,LL.B,

Profile Image

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
14 April 2012 I also agree with the expert. Let me further clarify you that in Savings bank account banks are also not deducting TDS

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links