https://www.taxtmi.com/forum/issue?id=118334 Article 11 of the India-US tax treaty treats interest arising in India as taxable in the United States but allows India to tax that interest subject to a maximum concessional rate; the treaty's definition of interest includes income from debt claims of every kind and therefore covers interest on NRO savings and fixed deposits, permitting the NRI to claim the treaty concession and obtain reduced tax treatment in India on such interest income. en-us Thu, 19 Jan 2023 16:01:38 +0530 Thu, 23 Jan 2025 15:54:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118334 Article 11 of the India-US tax treaty treats interest arising in India as taxable in the United States but allows India to tax that interest subject to a maximum concessional rate; the treaty's definition of interest includes income from debt claims of every kind and therefore covers interest on NRO savings and fixed deposits, permitting the NRI to claim the treaty concession and obtain reduced tax treatment in India on such interest income. Discussion-Forum Income Tax Thu, 19 Jan 2023 16:01:38 +0530 https://www.taxtmi.com/forum/issue?id=118334