Taxability of Dividends received by NRI in NRE Bank Account

373 views
User Avatar

pro badge

Accountant
86 Points Posted on 19 July 2021

Are Dividends received by NRI Assessee in his NRE Account taxable in F Y 2020-21

A Y 21-22

0 Reply Share Follow
On 19 July 2021 at 16:00 Report
Replies (3)
Quick Summary
This discussion clarifies the taxability of dividends received by Non-Resident Indians (NRIs) in their NRE bank accounts for the Financial Year 2020-21 (Assessment Year 21-22). The consensus is that such dividends are not taxable in India, as NRE accounts are considered tax-free and are intended for foreign currency deposits.

User Avatar

3924 Points Posted on 19 July 2021
No tax applicable on NRE account . it's Tax free account in Indian Bank .( only foreign currency can be deposited in this account )
Reply
On 19 July 2021 at 16:23
User Avatar

Chartered Accountant
24588 Points Posted on 19 July 2021
No its not taxable
Reply
On 19 July 2021 at 17:04
User Avatar

pro badge

Accountant
86 Points Posted on 19 July 2021

Thank you for your replies.

Reply
On 19 July 2021 at 18:17

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Short Deduction
  2. Large mismatch between AIS Business Receipts and G
  3. Income tax on Australian Stipendiary Steward on 3
  4. INCOME TAX SECTION 92E
  5. Queries on Tax Invoice and GST
  6. Income Tax Auditor Tenure for Small Companies
  7. Sec 8 company sec 12ab reg
  8. AIS Password: How to Open Your AIS PDF?
  9. Interview Questions
  10. ITR Filing Last Date 2026

More recent discussions | Post

Related Topics :

Loading
Follow