Tax
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 pu...
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 to set up overseas branches to tap offshore Indian wealth, as a result of the recent move by the RBI.