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RNOR

This query is : Resolved 
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(Querist)
04 February 2021 Dear /sir

Please advise the taxability of Interest on FCNR for a RNOR
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
05 February 2021 It's taxable. Only income from outside India is not taxable.
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jayam

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jayam (Querist)
05 February 2021 10(15)
(iv)(fa)
Interest payable by scheduled bank on deposits in foreign currency
where bank accepting such deposits is duly approved by RBI.
a) Non-resident
b) Individual or HUF being a resident
but not ordinary resident


Dear sir

So what about the above provision??
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
05 February 2021 Agree with you it's not taxable.
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