Income Tax on NRE A/c
This query is : Resolved
Fenil Shah
(Querist)
01 September 2010
Hii....I was a R&OR...but since April I have been in Dubai for a job...Does my income in my NRE A/c get taxable in India...if yes?? how should i compute it...I have been in Dubai since then.....please reply fast...
01 September 2010
Refer to sec 10(4)(ii)INCOMES NOT INCLUDED IN TOTAL INCOME.
In the case of an individual, any income by way of interest on moneys standing to his credit in a Non-Resident (External) Account in any bank in India in accordance with the Foreign Exchange Regulation Act, 1973 (46 of 1973), and the rules made thereunder :
In the case of an individual, any income by way of interest on moneys standing to his credit in a Non-Resident (External) Account in any bank in India in accordance with the Foreign Exchange Regulation Act, 1973 (46 of 1973), and the rules made thereunder :
Fenil Shah
(Querist)
01 September 2010
wat further???
Fenil Shah
(Querist)
01 September 2010
thnx....not taxable even for the days i am resident???
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