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salary received in NRE account

Pranali Satam (22 Points)

30 August 2018

salary received by non resident in his NRE Account is exempt under income tax act???

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6 Replies

Sarath Chandra (CA Final Student) (566 Points)
Replied 30 August 2018

Salary received is taxable. But interest received on NRE account is exempt.

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Pranali Satam (22 Points)
Replied 30 August 2018

https://abcaus.in/income-tax/exempt-salary-received-in-nre-account-not-taxable-on-receipt-basis.H T M L

Sarath Chandra (CA Final Student) (566 Points)
Replied 30 August 2018

I assumed the assessee as a resident.

Pranali Satam (22 Points)
Replied 30 August 2018

assessee is a non resident during previous year bcoz he stayed less than 182 days in india...

Sarath Chandra (CA Final Student) (566 Points)
Replied 30 August 2018

If he stayed less than 182 days in the PY, then you have to look into the second basic condition, which states that the assessee has to stay in India for 60 days or more and he has stayed for a period of 365 days or more during 4 years preceding the relevant PY. If this condition is satisfied, then he is a resident.