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Interest on NRE account

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22 November 2021 Is savings bank interest earned on NRE account is taxable? If such interest amount reflected in AIS, whether the same needs to be considered?

22 November 2021 No. Interest on NRE account is not taxable under IT act.
That is for information purpose.

23 November 2021 Should show in tax computation sheet / ITR and claim exemption u/s 10(4)(ii), otherwise verification of ITR ,such as the particulars therein are correct and complete, becomes wrong.




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