31 August 2018
One of my client Have Income from Foreign Countries as Salary Income. He received the salary from that Foreign Companies to His NRE Account in India. Is such salary taxable in India ? Is the Interest credited on Such NRE Account is taxable in India ? Also what is the due date for his Income tax filing in India ? what are the incomes considered as taxable in India? Anyone Explain this ... kindly
31 August 2018
All depends on the residential status of your client. Generally NRE deposits are not taxed as it is the account maintained by non residents for remittance from abroad.
31 August 2018
Check your client's residential status - if he is a resident, then the salary income from his employer abroad, interest income in NRE accounts etc will be taxed along with his other income earned or accrued in India or abroad
CAclubindia
