Indian Government to Tax NRIs

The Indian government intends to tax interest paid on deposits held by non-resident Indian investors within the country. Indian banks are pushing for permission from the Reserve Bank of India for licences....

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By: Contributing Editor
January 24, 2005
The Indian government intends to tax interest paid on deposits held by non-resident Indian investors within the country. Indian banks are pushing for permission from the Reserve Bank of India for licences....