INTERST ON NRO FIXED DEPOSIT IS EXEMPT INCOME OR TAXABLE
Sudarshan singh (4 Points)
28 August 2021Sudarshan singh (4 Points)
28 August 2021
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160322 Points)
Replied 28 August 2021
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.
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