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 Threads
- Accounting of Govt Grant in aid-Assam Tea Estate
- Utilizing Capital gains in new home construction
- Hi i have some doubt about my microsoft exam?
- Period of holding of residential flat and its acqu
- ITRs for AY 2025-26 filed in September 2025 not pr
- Heard & Seen Around – Your Daily Economi
- Best NISM course for an Accountant
- Calculate IT on LTCG AND STCG for the FY 2025-26
- Heard and Seen Around - Your Daily Economic Quick
- Returning to India - Residency confusion
Related Threads
CAclubindia
