Taxability of interest income
This query is : Open
25 February 2016
If an NRI is having NRE AC then interest accrued on NRE AC is exempt as per sec 10 subsection 2 clause 4 but I want to know what will happen when NRI become resident. Then the taxability of interest will be taxed according to FEMA act or income tax act and whether now the interest income received will be taxable or not
26 February 2016
does FEMA has any taxation provisions? once the NRI becomes resident, NRE account interest will be taxable.
26 February 2016
sir does meaning of resident is different in RBI act
26 February 2016
sir does meaning of resident is different under RBI act
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