Hi,
Good Morning Friends !!!
One of my friend working in africa since 6 years. He is getting salary in his indian NRE bank acccount in USD currency. Now his salary is not taxable in India.
After finish his job contract, he want to come back to India.
Question is...
How many years he can take benefit of this non-taxable money lying in his account and FD.
Thanks in advance.
Regards,
Santosh chaskar
once he becomes resident as per Income-tax Act, the interest on NRE deposits shall be taxable.
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