NRE Fixed deposits
This query is : Resolved
Quick Summary
Debashish Sen Gupta
(Querist)
04 September 2022
Please guide me on the taxability of NRE Fixed deposits for one who was away for 7 years. Have multiple bank NRE deposits of different tenures. He has to convert his bank accounts to Resident Indian can enjoy RNOR status for 2-3 years. In that case what will be the taxation on the interests of such deposits both paid and accrued from the time he is in India. Let's assumed NRE deposits are not yet matured. Thanks
CA R SEETHARAMAN
(Expert)
05 September 2022
Such NRE deposits are taxable from the date of arrival in India.
Debashish Sen Gupta
(Querist)
05 September 2022
Thank you Mr Seetharaman.
CA R SEETHARAMAN
(Expert)
05 September 2022
You are welcome.........
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