Can anybody tell me the rate of TDS on intt recd on deposits made in a NRO bank account
CA.Rahul Jain (Partner) (108 Points)
02 December 2009Can anybody tell me the rate of TDS on intt recd on deposits made in a NRO bank account
Sunil
(Trader)
(2611 Points)
Replied 02 December 2009
30% + cess (Section 195). For section 195 only you have to continue applying cess and surcharge wherever applicable.Relief can be claimed for tax paid on this interest income at the country of residence.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
