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Nre account

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 July 2014 Dear Experts
I have a doubt in NRE Account interest.
Is Interest earned through NRE Account taxed in the hands of a Resident Indian. Kindly clarify me with the section.

Waiting for your replies.

Thank you.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
31 July 2014 yes it is taxed in the hands of a resident. the exemption is available only till you are a non-resident
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Querist : Anonymous

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Querist : Anonymous (Querist)
31 July 2014 Thank you sir.
Client is requiring documental evidence, Can u Please send me the section or any notification mentioning the answer.



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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
31 July 2014 Corollary to section 10(4) of the Income tax Act,1961.

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