Interest earn in india through nre a/c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 April 2013
Dear sir,
I am a A/c holder of NRE a/c in india and made a FD and earn Interest. whether it taxable in india.
plz tell me what i do.
I am a A/c holder of NRE a/c in india and made a FD and earn Interest. whether it taxable in india.
plz tell me what i do.
29 April 2013
It will be subject to deduction of TDS if it crosses basis tax limit for interest i.e. Interest income from Bank under Section 194A.
But if you do not have any other taxable income better to obtain pan and submit for No. 15 G for no deduction of TDS on the basis of non taxability of income in India.
But if you do not have any other taxable income better to obtain pan and submit for No. 15 G for no deduction of TDS on the basis of non taxability of income in India.
21 May 2013
Income earned from NRE account is tax free in India,however there may be tax in country of residence .
Anuj
femaquery@gmail.com
Anuj
femaquery@gmail.com
23 May 2013
Hi
I Appologize for my error on the matter but Mr. Anuj Gupta held correct on his view.
Thanks Mr. Anuj Gupta for correcting me.
I Appologize for my error on the matter but Mr. Anuj Gupta held correct on his view.
Thanks Mr. Anuj Gupta for correcting me.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
