Taxability of interest on nri savings bank a/c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 February 2013
One of my client is in receipt of interest credited by bank in his NRI a/c, he is NRI by residential status, now pl clarify weather this interest has to be included along with the other rental income which he is in receipt?
25 February 2013
Hi,
Int. receipt is not taxable.
Pl refer for details: https://www.caclubindia.com/forum/closer-look-to-nre-nro-a-c-taxability-231692.asp
Thanks!!
Int. receipt is not taxable.
Pl refer for details: https://www.caclubindia.com/forum/closer-look-to-nre-nro-a-c-taxability-231692.asp
Thanks!!
26 May 2013
NRI account are of 2 types:-
1. NRO
2. NRE
Interest on NRO is fully taxable whereas NRE is completely taxable.
Anuj
femaquery@gmail.com
1. NRO
2. NRE
Interest on NRO is fully taxable whereas NRE is completely taxable.
Anuj
femaquery@gmail.com
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