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NRE ACCOUNT
taxability of sale of investments which got credited in NRE account whose residential status is NON Resident.
Replies (1)
Sale of any investments and its proceeds cannot take place in NRE Account because the input currency of NRE Account should always be foreign currency i.e other than INR. So inquiry should be made whether that account is NRE or NRO.
NRO Account can receive sale of investments in INR.
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