jugadek
Oct 4, 2011, 02:20 PM
Hi,
I had an NRE account on which I receive 1099 for the interest earned and I pay tax in US.
I am planning to convert my NRE account to NRO. Now I think my interest on income is going to be less than 20,000 Rs. So how will the tax get deducted. I read that they will dedcut TDS but then I have to fill in some form to get that amount back as I will be under the limit of taxation.
Can anybody help me understanding this?
Thanks,
I had an NRE account on which I receive 1099 for the interest earned and I pay tax in US.
I am planning to convert my NRE account to NRO. Now I think my interest on income is going to be less than 20,000 Rs. So how will the tax get deducted. I read that they will dedcut TDS but then I have to fill in some form to get that amount back as I will be under the limit of taxation.
Can anybody help me understanding this?
Thanks,