Intrest on nre deposit
This query is : Resolved
06 June 2015
how the effect of intrest of nre deposit is taken?
please explain along with related section
please explain along with related section
06 June 2015
Interest on NRE deposit is tax free but NRO account interest is taxable.
The advantages of an NRE account include exemption from income tax on interest earned, and repatriation benefits for both principal and interest.
See the link.
https://www.moneycontrol.com/news/nris/all-about-taxationnri-accounts_658039.html
The advantages of an NRE account include exemption from income tax on interest earned, and repatriation benefits for both principal and interest.
See the link.
https://www.moneycontrol.com/news/nris/all-about-taxationnri-accounts_658039.html
Message likes :
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06 June 2015
NRE deposits till its maturity is tax free.
See the link for more details.
https://www.nritaxservices.com/ret_indn.htm
See the link for more details.
https://www.nritaxservices.com/ret_indn.htm
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