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Non resident

This query is : Resolved 
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(Querist)
24 March 2012 Whether interest earned on NRO Account by the non resident is considered as taxable income as per Income tax Act?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
24 March 2012 Yes. the interest income is taxable because it has accrued in India.
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