Do i need offer the interest accrued in NRE account for tax in foreign(source income) country ?
If yes, where can i find the detailed rules in RBI site ?
Menu
NRE savings account taxation policy
Replies (1)
Whether you have to show interest income on NRE account in foreign country where you reside, depend upon tax rules of that country.
RBI has no role to play in so far as foreign taxation rules are concerned . As per RBI , NRE account balance is repatriable whereas NRO Account does not allow repatriation.
RBI has no role to play in so far as foreign taxation rules are concerned . As per RBI , NRE account balance is repatriable whereas NRO Account does not allow repatriation.
Recent Threads
- Can I set off equity losses(both short term loss a
- Input tax credit on rent to rent
- Family Pension Army
- Waste Management services
- Seeking Clarity: New Transport Allowance Limits (D
- Query regarding Consolidated Gift Deed for Bank Tr
- TDS u/s194IB - Joint Ownership
- Free GST Reconciliation Tool in Google Sheets R
- NRI return after due date refund case
- TDS u/s 194J - training honorarium
Related Threads
CAclubindia
