NRI Assessee is Eligible for Beneficial Rate of Tax on Interest Income during Calculation of Tax Amount under India-USA Tax Treaty: ITAT [Read Order]

By Shabna Rahim - On June 29, 2023 9:00 am - 2 mins read
NRI Assessee is Eligible for - Rate of Tax on Interest Income during Calculation of Tax Amount under India – USA Tax Treaty - ITAT - TAXSCAN

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that the non-resident Indian assessee was eligible for a beneficial rate of tax at 15% on interest income during the calculation of tax amount under the India-USA Tax Treaty.  Parag Bhikhubhai Patel, the appellant assessee was a U.S. citizen and a Non-Resident Indian (NRI)…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here

Topics

taxscan-loader