Interest on fd from nre account
This query is : Resolved
20 July 2018
Sir,
Please explain the taxability of FD interest received from NRE account by a resident who is previously non resident but resident from last 2 years.
Please provide the relevant sections & rules in this regard in order show the reference to the client.
Please help me in this regard,
Regards,
Kiran
Please explain the taxability of FD interest received from NRE account by a resident who is previously non resident but resident from last 2 years.
Please provide the relevant sections & rules in this regard in order show the reference to the client.
Please help me in this regard,
Regards,
Kiran
CA R SEETHARAMAN
(Expert)
20 July 2018
NRE deposit is taxable when person becomes resident.
See the link.
https://www.personalfinanceplan.in/returning-nri-what-happens-to-your-nro-nre-and-fcnr-accounts/
See the link.
https://www.personalfinanceplan.in/returning-nri-what-happens-to-your-nro-nre-and-fcnr-accounts/
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