Interest Income - Non Resident

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..... Interest Income - Non Resident
Query (Issue) Started By: - Ethirajan Parthasarathy Dated:- 19-1-2023 Last Reply Date:- 29-5-2023 Income Tax
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Income Tax
NRI in US earns interest .....

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..... income in India on NRO account both SB and FD. As per Article 11 of DTTA between India and US, "Interest" income from India is taxable in USA. It is further stated that India may also tax such inte .....

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..... rest income subject to maximum rate of 15%. Definition of "Interest" as per DTAA means "income from debt claims of every kind whether or not secured by mortgage" In the above circumstances, whether .....

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..... the said NRI can avail concessional rate of 15% tax on interest income (NRO account) in India. Reply By Charu Tyagi: The Reply: Yes, He can avail benefit of concessional rate of tax on NRO account.< .....

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..... br> Discussion Forum - Knowledge Sharing .....

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