116. Tax deduction on Interest earned from bank accounts in India (TDS)
Q: Dear Sir, Thank you for a wonderful web site with so much information. I like to open a Demat account in India. What is a requirements for a NRI. I have applied for a PAN card. Any recommendation as to place / bank / broker I should consider. Thanks again. Shah A. I assume you are referring to NRE Account in India. There should be nothing deducted from your account even if you have no PAN CARD as from NRE accounts no Tax (TDS) is deducted.
Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional
accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been
stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail.
© Copyright 2006 Nriinformation.com
NRI - OCI - PIO Guide & Information
116. Tax deduction on Interest
earned from bank accounts in
India (TDS)
Q: Dear Sir, Thank you for a wonderful web site with so much information. I like to open a Demat account in India. What is a requirements for a NRI. I have applied for a PAN card. Any recommendation as to place / bank / broker I should consider. Thanks again. Shah A. I assume you are referring to NRE Account in India. There should be nothing deducted from your account even if you have no PAN CARD as from NRE accounts no Tax (TDS) is deducted.
© Copyright 2006 Nriinformation.com
NriInformation FAQ
Read Disclaimer at bottom of page
