TDS (Tax Deducted at Source) aims to collect tax at the source of income.
First, check if you are eligible to submit Form 15G or Form 15H.
There are two main types of NRI savings accounts.
TDS is applicable only when the payment exceeds a certain amount, whereas TCS is applicable to sales of designated goods.
Union Finance Minister Nirmala Sitharaman said that VDAs would be taxed at 30 per cent.