Q97. Tax deduction on Interest earned from bank accounts in India (TDS)
Question: Dear Sir, Thank you for a wonderful web site with so much information. I like to open a Demat account in Indi
Answer: 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.
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