Menu
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
Recent Threads
- Form 26QB: Assessment Year Based on Payment Date o
- Revision of Tax Audit
- IT Return 2023-24
- LUT for Companies Using EVC and Not DSC?
- UDIN Generation 44ADA
- Working with a CA as an NRI: Proper Income-tax e-F
- Taxation on ETF
- Gstr9 8f is used for 2023-24 reversal
- Delayed filing of 26QB, and received a penalty off
- Notice Period Calculated for Transactions above Rs
Related Threads
CAclubindia
