Easy Office
LCI Learning

tax on interest on NRE A/c by Resident

This query is : Resolved 
Profile Image

Profile Image

(Querist)
30 July 2010 Plz answer the query
A person is resident as per Income tax act. He has received salary from UAE Company for services rendered in UAE for April and MAy 2009. He has received interest on NRE saving A/c.
What will be the taxability for above income in the hands of resident assessee.
Profile Image

srinath

Profile Image

srinath (Expert)
30 July 2010 interest on NRE is non taxable.. however if a person after becoming resident shall not be allolwed to maintain NRE a/c

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links