Please Help: Tax on interest on NRO deposit
Posted Date : 10-Jul-2013 , 02:07:13 pm | Posted By vimal roy
Deposited FD from NRO deposit and bank deducted 30% TDS.Is it correct.
Category : Income Tax | Answers : 1 | Comments : 0 | Hits : 64
Answers
Answer By: SUBHASH KUMAR JHA
YES IT IS CORRECT
ACCORDING TO SEC 195 OF INCOME TAX ACT ANY AMOUNT PAID TO NON RESIDENT PERSON OTHER THAN NONRESIDENT SPORTS PERSON PAYER WILL DEDUCT TAX AT SOURCE @ 30%
ACCORDING TO SEC 195 OF INCOME TAX ACT ANY AMOUNT PAID TO NON RESIDENT PERSON OTHER THAN NONRESIDENT SPORTS PERSON PAYER WILL DEDUCT TAX AT SOURCE @ 30%
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