Person outside country,but Resident

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director
41 Points Posted on 05 February 2021

A Person who goes outside for employment after staying in India for 182.Whether Income from Outside transferred to NRE Account.is Taxable.

In Dubai,he has opened account and deposited money in it.Whether that is also Taxable

 

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On 05 February 2021 at 17:13 Report
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Quick Summary
This discussion clarifies the tax implications for individuals residing outside India who have earned income abroad. It explains that income earned and deposited into a foreign account, even if later transferred to an NRE account in India, is generally not taxable in India because it was not accrued within India. However, NRE accounts themselves are tax-free in India.

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Chartered Accountant
24588 Points Posted on 05 February 2021
It is taxable outside india as it is not accrued in india
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On 05 February 2021 at 18:42
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3924 Points Posted on 05 February 2021
NRE account in Indian bank is not taxable . It's tax free .
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On 05 February 2021 at 20:48
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Chartered Accountant
24588 Points Posted on 06 February 2021
It's not taxable in india as it is not accrued in india
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On 06 February 2021 at 06:23

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