IS INTEREST EARNED FROM NRI A/C IN INDIA IS EXEMPT ?
IF YES ,UNDER WHICH SECTION ?
AMIT ADHIA (ca) (110 Points)
25 February 2009IS INTEREST EARNED FROM NRI A/C IN INDIA IS EXEMPT ?
IF YES ,UNDER WHICH SECTION ?
CA. Ashok shah
(CHARTERED ACCOUNTANT)
(333 Points)
Replied 25 February 2009
Interest on NRE A/c with bank is exempt u/s.10 (4) (ii).
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