Residential Status Related Query
Ishita Jain (3 Points)
02 January 2019Ishita Jain (3 Points)
02 January 2019
Nikhil T
(-)
(68 Points)
Replied 02 January 2019
Exemption under section 10(4) of the Income-tax Act, 1961 for interest earned on NRE account is available only as long as person is resident outside India.
Ref: proviso to section 10(4)
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