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Fund transfer from foreign to non nri account

835 views 2 replies

Dear Experts,

I am working in Saudi, I took home loan in indian private bank and the EMI is getting debitted from my Normal Savings Account in india.

I have opened a NRE savings account in HSBC Bank in Chennai.

Now I want to transfer my tax free money from saudi to my India bank account.

Just wanted to know, If I transfer to my India Normal savings account, Is it taxable.

In case if I transfer to my NRE savings account and then from NRE savings account If I transfer to Normal Savings account is it taxable.

Ideally I should change my EMI to my NRE savings account, but due to tidious procedures I could not do it immediately.

But as a NRI, how can i get rid of these issues.

 

Expecting your valuable advices.

 

Regards,

Malaya

 

 

Replies (2)
Hello Experts, Awaiting for your valuable inputs.

Money transferred to India by you is not taxable in India.

 

Anuj

femaquery @ gmail.com


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