Fdr of nri

This query is : Resolved

ajay (Querist)
Follow

20 November 2012 good morning sir,

a persong whose residential status for inccome tax purpose was of NRI for the pvs year 2011-2012. he transferred amount form foriegn bank to his NRE account mantained with punjab national bank in india.

now he he makes fdr's from the said amount in kept in NRE account with punjab national bank in india then is the interest income from fdr's of the NRI(status as per income tax laws) is taxable.(since for a non resident any income demmed to accrue or arise in india is taxable)

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow

20 November 2012 The interest amount will be taxable in India since it is arising in India (the investment has been made in India).

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

ASHOK B GONDKAR

rana andcompany

Raj Jaggi

SHRI HARIRAO

Raviraj ponkshe

Subscribe Now

Fdr of nri

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

GST CONSULTANCY

Senior Executive

GST CONSULTANT

Manager- Finance and Compliance

Accountant