banner_ad

Nre a/c

This query is : Resolved 
Profile Image

Profile Image

(Querist)
11 May 2013 sir , there is a provision in wealth tax act 1957 that if any person returns to india permanently then any assets purchased within 1 year before his return in india from NRE a/c shall be exempt , i want to know that in NRE a/c the amount deposited should be of the assessee only or any other person can also deposited in the a/c and the same can be utilize to purchase the assets and it will also be exempt
Profile Image

O.D.SHARMA

Profile Image

O.D.SHARMA (Expert)
14 May 2013 The NRE account tr have to be thru Assessee.
Profile Image

C A S.S.Agarwal, M.Com.,LL.B,

Profile Image

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
26 June 2013 NRE account is opened for individuals who are NRI and no other person can open this account. In fact this account is opened for braining foreign currency in India and this account should only be in the name of the person of Indian origin and is right now a NRI.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details