[Resolved] PNB — TDS ON NRO DEPOSITS | |
PNB IS NOT EXTENDING BENEFIT OF TDS AS PER DTAA(DOUBLE TAXATION AVOIDANCE AGREEMENT) ON NRO DEPOSITS. OTHER BANKS LIKE BOI AND ICICI BANK ARE ALLOWING THIER NRO A/C HOLDERS BY DEDUCTING TDS AS PER DTAA. I AM THEREFORE SHIFTING MY DEPOSITS TO THOSE BANKS. MY CUSOMER ID WITH PNB IS ARS000910. I AM A NRI RESIDENT OF INDONESIA. AS PER DTAA THE TDS ON MY DEPOSITS SHOULD BE DEDUCTED @ 10%. BUT TO MY SURPRISE THE SAME HAS BEEN DEDUCTED @ 30.9%. I THEREFORE WOULD ADVISE ALL NRO DEPOSIT HOLDERS OF PNB TO HAVE DEPOSITS WITH THOSE BANKS WHO ARE AT LEAST AWARE OF INDIAN LAWS. Was this information helpful? | |
Aug 14, 2020 Complaint marked as Resolved | |
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