TDS Rate On Nro
Manoj Varyani (12 Points)
14 September 2018
What Is The Tds Rate For Interest In Nro Account 20 % Or 30% ???
3 Replies
Manoj Varyani
(12 Points)
Replied 14 September 2018
but bank is deducted it at the rate of 20.30 how it is possible
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(183241 Points)
Replied 14 September 2018
However, if you are a NRI and residing in one of the countries where there is a Double Taxation Agreement Avoidance Treaty, your deposits may attract a TDS at lower rate. For that you are required to make an application and comply with the requisite procedures.
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