No TDS on Interest on NRE fixed deposits in an Indian bank
My NRI son, working in Singapore, has NRE fixed deposits in an Indian bank. He files his return back home in respect of income, mainly rent. Recently, while auto renewal of the FD, 31 per cent of interest paid was deducted as withholding tax (tenure of the FD was 390 days). While the NRE FD… Read More »