I am an NRI maintaining my NRI days for the past 10 years.Sea man sailing with a foreign company. I have an NRE salary account with HDFC bank. In the year 2016-2017 i have made a FD of Rs 40 lakhs NRE- FD.I dont have any income source in India.
I have never filed any IT returns in India
Last month i received an e-mail from the IT dept;
Type:Non filing of IT returns.
Verification issue: Investment(NINO3).
My query;
1) Am i required to file IT returns?
no. if your income in India is below the exmpted limit, you are not required to file any return.
Sir, can you please clarify, " Is NRE account interest and NRE FD interest considered as income in India.
Yes NRO Bk a/c intrest & FDR is taxable. NRE is not.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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