NRI TAXATION
This query is : Resolved
22 December 2008
Dear Sir,
Suppose an NRI earns abroad and convert into IRS transfer to his bank a/c in India.
And the same amount is deposited fixed deposit.
Is there any consequences?.
Regards,
K Sivasankar
Suppose an NRI earns abroad and convert into IRS transfer to his bank a/c in India.
And the same amount is deposited fixed deposit.
Is there any consequences?.
Regards,
K Sivasankar
25 December 2008
You need to see the DTAA rules for taxability of income with that country. Only after that we can check that this income is taxable in india or not.
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