How NRIs Can Use Form 10F & Form 41 to Save on Indian Taxes

🧵 Your Indian FD is being taxed twice.
Your bank won't fix it.
Your CA probably never mentioned it.
Here's everything in 5 tweets 👇
1/ The problem:
NRI FD interest → 30% TDS in India
Same interest → taxed again where you live
₹25L FD, 7% return = ₹1.75L interest
You lose ₹52,500 to TDS alone. Every year.
2/ The solution: DTAA
Double Tax Avoidance Agreement
India has signed it with 90+ countries
UAE → 10% TDS. USA → 15%. UK → 15%.
That's it. That's the law. Use it.
3/ How to claim it:
Step 1 → Get TRC from your country's tax authority
Step 2 → File Form 10F on incometax.gov.in
Step 3 → Submit both to your bank
TDS drops from 30% to 10%. Done.
4/ Already paid 30% TDS?
File ITR in India.
Claim the excess as refund.
It comes back to your NRO account.
With interest if delayed beyond deadline.
5/ The saving on one ₹25L FD:
Without DTAA = ₹52,500 lost
With DTAA = ₹17,500 paid
Net saving = ₹35,000/year
On ONE FD. Zero risk. Just paperwork.

Видео How NRIs Can Use Form 10F & Form 41 to Save on Indian Taxes канала Elarion Advisors