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Receipt of money in nre account


28 July 2014 Dear Sir

For AY 2014-15: Pls advise regarding taxability of income received in NRE a/c (in $'s) for evaluation of answer papers of a foreign school in India, by an RNOR (PIO, but a citizen of Canada).

Can he take the benefit of Proviso to Sec. 5(1) as he is an RNOR. & pay no tax on the above stated income (valuation of papers)?

Thanks in Advance.

29 July 2014 Dear Sir

For AY 2014-15: Pls advise regarding taxability of income received in NRE a/c (in $'s) for evaluation of answer papers of a foreign school in India, by an RNOR (PIO, but a citizen of Canada).

Is Proviso to Sec. 5(1) is applicable in the present case as he is an RNOR.

Thanks in Advance.



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