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Query Details

Asked by Prashant on :Jun. 26, 2018

Hi….I am non resident to India. I have a NRE acco…

Hi….I am non resident to India. I have a NRE account in SBI. What would be the tax treatment on NRE…

Hi….

I am non resident to India. I have a NRE account in SBI. What would be the tax treatment on NRE account?

0

Jeeba Jun. 26, 2018

Interest received on NRE account is taxable for the resident.

However, interest income standing on the credit in a Non-Resident (External) Account in any bank in India shall be exempt from tax in case of a non-resident individual.

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