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DIRECT TAX
Is interest income earned by NRI on his NRE or NRO account taxable on his returning INDIA?
Replies (14)
no. income earned outside india by a non resident is not taxable.....only such income which is earned in india , arise in india or deemed to be earned or arise in india is taxable
intt income is earned in India..NRE acc is in india
o couldn't get you
i mean
even though the account is in india if income earned outside india then not taxable
Intt income is been credited by SBI .so it is earned here no..
Bt m asking of intt income only
intt means
interest
earned outside india exempted
taxabal income
taxabal for India
your question is if interest income earned outside india bought to india on his return to india who is an NRI is taxable or not ....right ?
Interest income from fixed deposits and savings accounts held in Indian bank accounts is taxable in India. Interest on NRE and FCNR account is tax-free. Interest on NRO account is fully taxable.
@ priyanka
@ priyanka
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