Taxability of interest on nri savings bank a/c

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 February 2013 One of my client is in receipt of interest credited by bank in his NRI a/c, he is NRI by residential status, now pl clarify weather this interest has to be included along with the other rental income which he is in receipt?

@VaibhavJ

@VaibhavJ (Expert)
Follow

25 February 2013 Hi,

Int. receipt is not taxable.

Pl refer for details: https://www.caclubindia.com/forum/closer-look-to-nre-nro-a-c-taxability-231692.asp

Thanks!!

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
Follow

26 May 2013 NRI account are of 2 types:-

1. NRO
2. NRE

Interest on NRO is fully taxable whereas NRE is completely taxable.

Anuj
femaquery@gmail.com

Upgrade to CAclubindia Pro. Subscribe Now!