Bankers now given kingly authority of permitting repatriation of current incomes and many a capital gains but this royal throne has own thorny pangs to to bankers are now required to examine genuineness of all the transaction as also eligibility of the income for repatriation and the responsibility does not end here. This repatriation is to be allowed subject to deduction of tax at source and / or payment of necessary taxes.

Statutory Requirements

TDS Rules  

Ready Reckoner

TDS Rates

TDS Time Limits For Deposit

TDS Not to be Deducted

TDS Certificate  For  Lower / Nil Tax

TDS Forms

Bankers are required to deduct tax at source from interest on NRO, NRSR accounts, capital gains arising out of shares and securities etc. details are as under :