Is interest on NRE Bank FD's placed by NRI in India exempt under the Income Tax Act or is it taxable? If exempt, under which section of the Act?
Thanks in advance.
Menu
Interest on nre bank fd's
Replies (1)
Dear Sir
Income Standing Credit to NRE account is exempt under section 10(4)(ii) of Income Tax act 1961.
Recent Threads
- Should open NRO account?
- Which IT section applicable for cash transaction i
- ITR -property dealer
- Warehouse Registration, Whether mandatory?
- Time limit for claiming Input GST credit
- Gst rate and Sac code or RCM attract
- Poll: Do you spend > 30 min/day fixing Tally JSO
- Interest on Accident Claim by Minor
- Capital Gain and Basic Exemption Limit
- Loan to wife and interest income husband income or
Related Threads
CAclubindia
