Nei tax
This query is : Resolved
19 June 2021
Dear sir, My daughter is NRI she wants to invest in LIC's jeevan shanti by sending in GBPonds in NRO account. Whether interest is taxable in India or she should send GB Ponds in her NRE external account. Please guide me
Dilip Phatak
Dilip Phatak
20 June 2021
Interest on NRE account is tax free. Interest from LIC is taxable in India if it's exceeding 2.50 lacs whether the payment is from NRO account or from NRE account.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- ITR filing obligation due to savings deposit
- Issue with no residency during Jan, Feb, March 2025 due to diff. between US and India tax years.
- NRI as second account holder of resident account
- WHAT TO SELECT IN 27Q TDS RETURN ? PAYMENT TO NON-RESIDENT
- To Keep Records
- TDS Payment Single Payment
- 2 factor authorization
- What is meaning of accrued interest
- What is the last business transaction date for Voluntary Strike off?
- Xerox mechine AMC ITC available
- Are part of Annual turnover for Audit purpose of 9 and 9C
- Are reflected in 2B in GST portal
- How to make any party sales or purchase recociliation
- E invoice mandatory for taxable value in a year 15 lakhs where as aggregate turnover is 6 crores
- TDS deduction.
- Leave taken during Extension period of Articleship
- Regarding TDS deduction before 15CA filing
- Reversal of Interest provision in case of MSME buyer
- ITC CLAIM ON CLEARING AND FORWARDING CHARGES IN CASE OF IMPORT
- Regarding 15CA.
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
