I have a query regarding the salary credited in the NRE account.
The case situation is as follows:
A non-resident indian employed by a foreign shipping company works in the ship. The salary is credited to the NRI's NRE account through TT by the foreign company.
Whether the salary is taxable in India as the interest derived from the NRE account is specifically exempted as per Section 10 (4). Also whether the salary credited can be taken as received in India.
Kindly clarify the matter.
CAclubindia
