Interest earn in india through nre a/c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 April 2013
Dear sir,
I am a A/c holder of NRE a/c in india and made a FD and earn Interest. whether it taxable in india.
plz tell me what i do.
I am a A/c holder of NRE a/c in india and made a FD and earn Interest. whether it taxable in india.
plz tell me what i do.
29 April 2013
It will be subject to deduction of TDS if it crosses basis tax limit for interest i.e. Interest income from Bank under Section 194A.
But if you do not have any other taxable income better to obtain pan and submit for No. 15 G for no deduction of TDS on the basis of non taxability of income in India.
But if you do not have any other taxable income better to obtain pan and submit for No. 15 G for no deduction of TDS on the basis of non taxability of income in India.
CA. Anuj Gupta
(Expert)
21 May 2013
Income earned from NRE account is tax free in India,however there may be tax in country of residence .
Anuj
femaquery@gmail.com
Anuj
femaquery@gmail.com
23 May 2013
Hi
I Appologize for my error on the matter but Mr. Anuj Gupta held correct on his view.
Thanks Mr. Anuj Gupta for correcting me.
I Appologize for my error on the matter but Mr. Anuj Gupta held correct on his view.
Thanks Mr. Anuj Gupta for correcting me.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
