Income Tax

FEMA/RBI Regulations

Interest Income From Deposits, Bonds Etc

India is an investment destination to earn higher rate of interest on Deposits Investments. With special liberty to NRIs and PIOs under FEMA, lots of NRIs are investing in Deposits in India. These investments generate Interest Income to NRIs. Salient features wrt interest income are as under:

Salient Features wrt Interest Income: