Interest on NRE account.
This query is : Resolved
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28 July 2022
Mr A was nri in f.y 2020-21. He became resident for year 2021-22. Now the question is- does the interest credited in year 2021-22 in his nre account is taxable?
29 July 2022
Yes, it's taxable on returning to India.
30 July 2022
however dont you think in case of person working in ships , they dont ' come ' to india , as they live in india itself, so the 2nd exception is not applicable to him and in his case it shall be 182 days stay rule preceding to financial year shallbe applicable.
30 July 2022
Yes in case of person working in ships.
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