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Vinay sawant (nothing)     20 August 2020

Income received in NRE a/c of non resident

any income other than salary and interest on NRE a/c is whether taxable to such non resident in India ?

 5 Replies

Nihar Khandelwal

Nihar Khandelwal   20 August 2020

All the income received or deemed to be received is taxable for NRI in India
Vinay sawant

Vinay sawant (nothing)     20 August 2020

But salary received in NRE a/c is not taxable na ?
Sagar Patel

Sagar Patel (Tax and Business Consultant)     20 August 2020

Yes, if you are 'non resident' as per Income tax Act, than it's Exempt.
If you are 'resident' than all global income is taxable in India.
priyanka pal

priyanka pal   20 August 2020

Interest income earned on nre account is exempt
Vinay sawant

Vinay sawant (nothing)     20 August 2020

Ok thanks
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