Acct Fd
A tax on NRO FD is remmitance account and go to the maturing principal and interest?
Hello, I plan make a deposit through my NRO account in the range of less than Rs50k. How can I pay tax and how will I be able to withdraw money once the decision which expires in USD?
The tax will be deducted at the source of all investments made from NRO account, even if you filed your return of the computer as NRI. For residents, there is a limit to the deduction of tax at source does not need to be made, while the NRO account, the amount of interest paid is not important. TDS will be at the source. The tax payable depends on your total investment income of India and the source of such investment. Best to consult your tax advisor about this. On the issue of repatriation, the permit must be obtained from RBI for these returnees.
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