NRE SB Accounts and NRE Fixed Deposit Receipts
This query is : Resolved
19 December 2023
Kindly advise
Can we continue to enjoy the benefits of NRE SB and NRE FD after coming back from a foreign country and settling in India?
How many years/months we can keep it without converting it into domestic Accounts?
Can we transfer the balance in NRE SB and NRE FD without converting to domestic accounts to close relatives' NRE accounts - after ONE year from returning from a foreign country and staying in India for more than 182 days continuously?
Can we continue to enjoy the benefits of NRE SB and NRE FD after coming back from a foreign country and settling in India?
How many years/months we can keep it without converting it into domestic Accounts?
Can we transfer the balance in NRE SB and NRE FD without converting to domestic accounts to close relatives' NRE accounts - after ONE year from returning from a foreign country and staying in India for more than 182 days continuously?
20 December 2023
Immediately on return to India permanently you have to close all NRE accounts.
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
- CG Tax On residential property
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Under construction property in ITR
- Gift of mutual fund units to daughter
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Not able to file ITR
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
