Tax free interest income on nre fixed deposits.how to disclose in itr?
This query is : Resolved
30 July 2014
My client returned from US after 2 years in July 2013..He had opened an NRE SAVINGS account in India to tranfer some of his income from US to India..The interest earned on NRE Savings account and the Interest earned on FDs made from NRE account are tax free because of Avoidance of double taxation treaty...The bank did not deduct a single amount of tds on his NRE FDs..The interest amount is 95800..This income is tax free but please tell me how to show this income in ITR1/ITR2...Where to put this amount of 95800?
Nikhil Kaushik
(Expert)
31 July 2014
in "EI" sheet.........ITR 2 shall apply.
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