Menu
Nre fd status on return to india
can nre fixed deposit remain as is till maturity even after the person returns to India permanently.if yes then the interest on such FD will be exempt or taxable?
Replies (2)
Interest on Fixed Deposit is fully taxable in India.
When you return to India permanently, you will be required to designate the NRE accounts as “resident" or transfer it to Resident foreign currency accounts and the interest income earned on the same will be taxable in India.
The exemption is only for person resident outside India.
The exemption is only for person resident outside India.
Recent Topic
- AIS UTILITY
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
Related Topics
CAclubindia
