Nre tax

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Querist : Anonymous

Querist : Anonymous (Querist)

27 June 2016 My brother was in Russia more then a 8 years. However is back on 15th June 2016, and will remain here in India ever. We have made some FD at NRE account which will mature on 31/12/2016.

My question is that, Interest on FD at NRE will pay TDS or any TAx till 31/03/2016.
2) will pay tax on Interest received at nre account from 16/06/2016 to 31/12/2016.
3) FY 15-16, Will file NRE return and what about FY 16-17 RE or NRE return have to file?

Request you, please suggest at the earliest.

Amol S Joglekar

Amol S Joglekar (Expert)
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27 June 2016 compute his income in the tax liability INDIA for 2016-17. If the tax estimate exceeds 10,000, then he needs to pay advance tax. His status for the financial year 2016-17 is Resident but NOT ordinarily resident