Interest on nre fd with bank - exempt or not

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Rajendra Mehta (Querist)
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28 January 2014 whether interest on NRE FD with bank is exempt in case of NRI for AY 10-11,11-12,12-13 and 13-14.

@VaibhavJ (Expert)
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28 January 2014 Hi

Interest on NRE account is exempt u/s 10(4) w.e.f. 1.4.1991.

Thx

Rajendra Mehta (Querist)
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28 January 2014 NRE FD exempt or not?

Rajendra Mehta (Querist)
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28 January 2014 NRE FD interest is exempt or not?

@VaibhavJ (Expert)
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28 January 2014 Hi

Yes any sort of NRE balance is exempt. Did bank deducted TDS?

Thx

Rajendra Mehta (Querist)
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29 January 2014 TDS not deducted by bank.

@VaibhavJ (Expert)
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29 January 2014 Ok, Since is is also NRE A/c & int earned is exempt.

Thx

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