tax on interest on NRE A/c by Resident
This query is : Resolved
30 July 2010
Plz answer the query
A person is resident as per Income tax act. He has received salary from UAE Company for services rendered in UAE for April and MAy 2009. He has received interest on NRE saving A/c.
What will be the taxability for above income in the hands of resident assessee.
A person is resident as per Income tax act. He has received salary from UAE Company for services rendered in UAE for April and MAy 2009. He has received interest on NRE saving A/c.
What will be the taxability for above income in the hands of resident assessee.
30 July 2010
interest on NRE is non taxable.. however if a person after becoming resident shall not be allolwed to maintain NRE a/c
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