TDS & Tax Rate on Interest Income of Non-Resident redued to 5% from 20%

TDS & Tax Rate on Interest Income of Non-Resident redued to 5% from 20%

Interest Income of a Non-Resident Investor to be taxed at the reduced rate of 5 per cent instead of the existing rate of 20 per cent and withhold Tax on such Income to be also at the Reduced Rate of 5 per cent