Taxation in case of nri

This query is : Resolved

CHETAN JANGID (Querist)
Follow

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

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

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

Amol S Joglekar (Expert)
Follow

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.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now