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)…

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