Poonawalla fincorps
Poonawalla fincorps

Interest income

This query is : Resolved 
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(Querist)
15 December 2007 Interest income on Resident Foreign Currency Deposit whether taxable. Assessee was an NRI at Time of Opening of account but during the year of maturity is a resident.
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
26 February 2008 Any income arising anywhere to a resident of India is subject to taxation

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