Nre account
This query is : Resolved
04 May 2015
A person was working abroad and had opened a NRE savings account and NRE fixed depoists. Now after some years he has left his job and returned to India. Can he keep the savings account open till his FD's mature? or he is required to close his savings accounts. Is he taxable on interest received in his NRE savings account?
05 May 2015
No need to close ,but has to change the NRE S.B account to S.B account upon arrival in India with an intention to permanently reside in India. Interest on S.B account is taxable subject to the deduction under section 80TTA of the Income tax Act,1961.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Regarding Appointment of auditor in case of casual vacancy
- GST- DRC 03 RCM Liability
- Conversion of Proprietorship Firm to Partnership Firm
- Validity of form 15 G and 15 H on Interest on fixed deposit
- Query on managerial remuneration u/s 197 of CA 2013
- Supply to unit situated in SEZ
- Threshold limit of under GST for insurance agent
- GSTR 1- Amend Credit Note
- Updated return filing
- International transfer pricing- -> father entity vs son entity ->WHERE NO mutual say in management
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- Revision under Section 264 in The Income Tax Act, 1961
- TDS under section 195.
- Filing GST Returns after death of proprietor
- Registered Required in GST Act
Trending Online Classes
-
Live Course on GSTR 9 & 9C for FY 24-25(Detailed discussions, FAQ, Case studies and Live demo of GSTR 9/9C on GST Portal)
Industry Expert16 November 2025
CAclubindia
