Federal Bank NRE FD Rates 2024 : Unlock Tax-saving Benefits

 Federal Bank offers a host of NRI banking products including NRI savings accounts and current accounts, NRI gold loans, housing loans, and insurance and wealth management products. Federal Bank Fixed Deposit scheme is the right option for NRIs to park their hard earned money and get periodical income by way of interest. The tax benefits on Federal Bank NRE FD rates ensure high yield investment to non-residents. NRE savings accounts allow easy movement of funds as one can repatriate both principal and interest abroad.

Manoj Negi

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Income Tax Form 13 for Lower Deduction Certificate – FY 2023-24

 Many NRIs invest in real estate in India and when they have a good offer from a buyer, they tend to sell it. One of the important things to consider here is the tax liability. For an Indian resident, the tax is deducted at 1% of the sale consideration if such transaction’s value is Rs. 50 lakhs or more. Whereas for NRIs, the tax is deducted at 20% of the sale consideration irrespective of the transaction value of the property. This is a genuine concern for the NRIs. However, NRIs can apply for Income Tax Form 13 for lower deduction certificate. This article explores in detail about Form 13 i.e lower TDS Certificate provisions and procedures.

Charu Dhasmana

· 11,452 views

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