Tax On Nre Account News

Money

FATCA declaration must for all bank account holders

All bank account holders in India have to provide self-certification about their tax residence for Fatca compliance Interest from NRE accounts is exempt from tax, once you return and your accounts are converted to resident accounts, the interest earned is taxable

2 min read19 Feb 2019
Money

NRE account funds freely repatriable outside India

Remittances from NRO accounts are allowed based on limits prescribed by the Reserve Bank of India

2 min read15 Jan 2019
Money

For ‘person resident in India’, interest from NRE accounts is taxable

Under the India Income-tax law, interest income from NRE accounts earned by an individual is exempt from tax in India, provided the individual qualifies as a 'person resident outside India'

1 min read25 Jul 2018

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