Interest on NRE account
This query is : Resolved
22 November 2021
Is savings bank interest earned on NRE account is taxable? If such interest amount reflected in AIS, whether the same needs to be considered?
22 November 2021
No. Interest on NRE account is not taxable under IT act.
That is for information purpose.
That is for information purpose.
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23 November 2021
Should show in tax computation sheet / ITR and claim exemption u/s 10(4)(ii), otherwise verification of ITR ,such as the particulars therein are correct and complete, becomes wrong.
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