NRI remittances to SB A/c
This query is : Open
02 April 2009
An NRI as per Income tax act is remitting money from salary earned abroad to his ordinaly SB account maintained in India
Is it necessasary that he maintain an Non resident account in the bank in India in order to claim his remittances as not taxable? Kindly quote circulars /references/sections if any.
Thanks ,
Anil.
Is it necessasary that he maintain an Non resident account in the bank in India in order to claim his remittances as not taxable? Kindly quote circulars /references/sections if any.
Thanks ,
Anil.
02 April 2009
YES HE NEED TO MAINTAIN NRI ACCOUNT.
02 April 2009
Can you please quote sections or any references please?
Thanks
Thanks
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