alleryStart learning →A DTAA may cut tax deducted on NRI deposit interest from 30 percent to about
A1 to 2 percent
B60 to 70 percent
C40 to 45 percent
D10 to 15 percent
Answer & Solution
Correct answer: D. 10 to 15 percent
Under treaties, tax on such interest may be deducted at only 10 to 15 percent instead of 30 percent.
Keep practising Double Taxation
Browse all Double Taxation questions for CA Final, or explore more Taxation topics.
Related questions
One test of residence in India under the Income-tax Act is a stay of at least how many dayAfter which leaks did the EU and OECD seek automatic exchange of information on tax rulingWhich WTO agreement recognises advance rulings?Customs advance rulings commonly deal with which matter?A ruling may be modified or revoked because of which development?An advance ruling typically does not bind courts or whom else?A deemed paid credit covers taxes paid by which entity on dividends received?Singapore grants foreign tax credit only to whom?