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INTERST ON NRO FIXED DEPOSIT IS EXEMPT INCOME OR TAXABLE
I worked abroad for 03 years , GOI EMPLOYEE. came back on 29 Sep 21. will interest on NRO/NRE fixed deposit taxable or exempt income FOR AY 21-22. which form to be filled ITR1 OR ITR2
Replies (2)
As per FEMA act, the person is PRI, hence the interest is taxable for AY 2021-22.
Though Deduction u/s. 80TTA or 80TTB, as applicable, can be claimed.
File ITR 2.
Thank you sir
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