Please Help: Tax on interest on NRO deposit
Posted Date : 10-Jul-2013 , 02:07:13 pm | Posted By: Vimal Roy
Category :
Income Tax | Answers :
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Deposited FD from NRO deposit and bank deducted 30% TDS.Is it correct. |
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Answers:
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 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%
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