Taxability of nre fixed deposit on nris return to india

Hello friends

Will be really grateful if anyone can answer this query. I have an NRI client who has returned to India for good. He has NRE fixed deposits & he plans to continue those deposits till maturity, which is allowed under FEMA. We've checked with the bank & the bank will not deduct any TDS on it, even if the residential status is re-designated as resident.

However, my question is what will be the tax liability of client in respect of that interest, as from this year he is no more a non-resident.

Thanks a lot in advance.

Replies (1)
Yes he will be required to declare that income since he is no more an NRI.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details