Can treaty benefits be claimed by non resident indian when amount is not remitted outside India but in a bank account in India?
Claiming treaty benefits for payments within India
Balaji Chettiar
Can a Non-Resident Indian Claim Treaty Benefits on Income Kept in Indian Banks? Examining Tax Treaty Applicability. A discussion was initiated regarding whether a non-resident Indian can claim treaty benefits on income that is not remitted outside India but instead deposited into a bank account within India. The query focuses on the applicability of tax treaties in situations where the income remains within the Indian banking system, questioning the eligibility for such benefits under these circumstances. (AI Summary)