banner_ad

Nri taxation

This query is : Resolved 
Profile Image

Profile Image

(Querist)
31 August 2016 Indian NRI who comes back to India in March 2014. He had NRI fixed deposit but does not renew further and transfers the funds to local savings account in August 2016 and placed the amount in fixed deposit savings. He will now file tax returns for income (interest) earned in 2017. Question is that is he liable to file returns for 2014 to 2016?
Profile Image

sudarshan

Profile Image

sudarshan (Expert)
01 September 2016 as he came back in March 2014, he was NR for 2014 for the purpose of Income tax. However as per FEMA he was not NR as his intention was to settle down in india. So NRE interest is taxable u/s10. . He should have trf his NRE deposit to RFC account on permanent settlement in india. He should file returns from 2014-16.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
29 April 2026
Associate - Audit, Tax & Compliance

Open Co Consulting LLP

New Delhi

B.Com

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details