07-14-2011, 04:59 PM
In that foreign country, rated of income tax at source on profit on debt is 10% while if i receive profit on debt without deducting income tax at source in foreign country, the whole profit on debt will be added in my personal income due to which applicable slab on my personal income will be higher than 10% say 15% resulting into saving of 5% tax in the instant case.
Thus it makes a difference and provides me benefit.
*
Thus it makes a difference and provides me benefit.
*