Taxation in case of nri
This query is : Resolved
CHETAN JANGID
(Querist)
13 December 2016
if any NRI deposit money from abroad in his indian saving account. not through NRE account. than what this deposit will be treated as income received in india or deemed to be received in india. or will be it taxable in india.
THANKS IN ADVANCE
THANKS IN ADVANCE
CA R SEETHARAMAN
(Expert)
13 December 2016
Convert the savings account as NRO ac and deposit the money no tax payable. NRI can have only NRO ac or NRE ac.
Amol S Joglekar
(Expert)
13 December 2016
if the money has been deposited (transferred) from ABROAD, then the said remittance is NOT taxable; irrespective of the fact whether it is deposited(transferred) in NRE account or otherwise.
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