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Tax on interest income in India

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Tax on interest income in India	R R	6/09/11 20:59
Re: Tax on interest income in India	Rajesh Krishnadoss	8/09/11 14:50
Re: Tax on interest income in India	rahul sharma	8/09/11 17:21

R R Ranking: Youngling Mensajes: 9 Fecha de incorporación: 7/03/11 Mensajes recientes	Tax on interest income in India Respuesta 6/09/11 20:59 Hi, I spoke with the SBI Manager in Frankfurt regarding opening of an NRO (not NRE) account in Bangalore. He told me that there is double taxation policy on submitting which the bank will not charge the tax (i think it is 30% of the interest income) from our maturity. Does any one have some experience in this area? Thanks R
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Rajesh Krishnadoss Ranking: Yoda Mensajes: 1237 Fecha de incorporación: 27/01/04 Mensajes recientes	Re: Tax on interest income in India Respuesta 8/09/11 14:50 en respuesta a R R. As far as i know, the bank withholds tax automatically on interest earned in an NRO account. So what document are you supposed to submit to the bank to get the waiver? found the answer...search for DTAA
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rahul sharma Ranking: Jedi Knight Mensajes: 133 Fecha de incorporación: 23/07/04 Mensajes recientes	Re: Tax on interest income in India Respuesta 8/09/11 17:21 en respuesta a R R. you have to show that you have paid the taxes in Gemany. Its better to let 30% by an Indian bank..its not worth it
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