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RNOR TAXATION

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28 November 2020 An assessee was out of india since last 12 years. Came to india in March 2020. Got a job here in india and now settled in India.
He made NRE FDs in 2018 which will be matured in 2021-22 & 2022-23.
What will be the tax treatment for the interest received on maturity.

Please share the applicable sections.

29 November 2020 Refer section 6.
Indian income will be taxable under head income from other sources.

29 November 2020 Sir interest received covers both NRE fd & then converted FDs.
Interest for the period when he was outside India will also be taxable??




01 October 2021 For RNOR, Interest over NRE FD is not considered for tax assessment.



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