30 March 2018
An Individual with Non-Resident status had received his salary income outside india (i.e. UAE-Tax Free) during F.Y. 2015-16 & F.Y. 2016-17, He had deposited Part of such income in NRE account (Not Directly in Indian Bank but first received in UAE and then Converted through exhange) maintained in India during such financial years, What will be tax implication on such amount received in India? Stay In India : F.Y. 2015-16: "0" Days F.Y. 2016-17: "36" Days
30 March 2018
You have not received any amount in India. It is the amount transferred by you to your Indian account from Dubai remitted in foreign currency and therefore no tax payable on such remittances
CAclubindia
