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Tds on nre term deposit

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(Querist)
11 February 2014 Is TDS Will be applicable on Term deposit (in INR)intrest from NRE a/c? Term deposit is as per Sbi e-STDR option.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
12 February 2014 if the account is under NRE, then no tds is applicable as such income is exempt..
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Vishal D Shah

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Vishal D Shah (Expert)
12 February 2014 Sec 10(14)
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