Posted on: 20-07-17 16:14:39
Thanks Pendse and Raj Canada for sharing the details.
What banks in India charge as TDS need not be your tax rate. It depends on income generated in India. Below Rs. 2.5 lakhs per annum in India, there is no income tax but you will have to file a return if you want to claim a refund of TDS paid.
People who are residents of Canada are taxed on their worldwide income (considered resident for tax purpose). People who are residents of India are taxed on their worldwide income as well. You should consult with a tax professional for accurate information.
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