Nro interest is taxable or not ?
Querist : Anonymous
Please advice how to not make tax liability on NRO interest income and reason also ?
The interest earned on any type of NRO bank as well as the credit balances in this kind of account are taxed under the account holder’s tax bracket.
On the other hand, interest earned on the NRE account is totally exempted from income tax, and the credit balances in the account don’t attract any wealth tax.
Read more at: https://www.caclubindia.com/forum/closer-look-to-nre-nro-a-c-taxability-231692.asp
Thanks
Querist : Anonymous
Querist : Anonymous
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