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IANS[ TUESDAY, DECEMBER 07, 2004 06:18:38 PM ]
NEW DELHI: The government has withdrawn the income tax proposed on interest
accrued
or payable on deposits held by NRIs, Minister of State for Finance S S
Palanimanickam told the Rajya Sabha on Tuesday.
Such accounts include NRI external deposits and foreign currency deposits of
NRIs,
he said.
Income tax will, however, be payable from April 1, 2006, he said in reply to a
question.
Several NRI organisations had raised the issue after the exemption was
withdrawn in
the budget for fiscal 2004-05 unveiled by Finance Minister P Chidambaram in
July.
Minister of State of Overseas Indian Affairs Jagdish Tytler had taken up the
issue
with the Finance Ministry
=====
for NRI related info...
http://in.groups.yahoo.com/group/GOAN-NRI/
for SFX Expo & cheap Goa flights info..
http://uk.groups.yahoo.com/group/LetsGotoGoa/
Church official web site on SFX Expo..(mass timings, facilities, etc)
http://www.archgoadaman.org/Dioceses/SFX/index.html
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