RNOR
This query is : Resolved
04 February 2021
Dear /sir
Please advise the taxability of Interest on FCNR for a RNOR
Please advise the taxability of Interest on FCNR for a RNOR
05 February 2021
It's taxable. Only income from outside India is not taxable.
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??
(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??
05 February 2021
Agree with you it's not taxable.
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