Interest on fd is exempt for nre?


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Querist : Anonymous

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Querist : Anonymous (Querist)
23 June 2014 Dear Sir/Madam,

One of my client has more than 3 lakhs as FD interest.

Can he claim exemption while filling return..?

Please revert.

23 June 2014 Maturity of FD is exempted, but interest is taxable.

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 June 2014 Dear Sir,

Client has 7 FD's
and accrued interest for the same is Rs. 3,17,000
is this amount is taxable..?

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 June 2014 He is NRE In F.Y 2013-14

23 June 2014 Yes dear this amount is fully Taxable.

23 June 2014 Till now it is Taxable if it is generated and earned in India.

Rupesh Jain (Expert)
23 June 2014 income will taxable and he/she claim deduction if any u/s 80


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