What is the tax obligation of NRE/NRO accounts | NRI income tax process | NRE | NRO

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  • Опубліковано 15 жов 2024
  • In NRE accounts both balance and intrest are exempted from tax as per Sction 10(4)(II)
    Whereas the interest earned on NRO accounts is taxed at 30%
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КОМЕНТАРІ • 2

  • @chetshroff5200
    @chetshroff5200 3 місяці тому

    as a nri paying tax in another country, can i transfer my money from my nre account without paying tax? to the country where I live.

    • @floatinsun
      @floatinsun Місяць тому

      Yes ..NRE account money can be repatriated to your country of residence, because its the money you transferred from your country abroad. So you have already paid tax. 😊 india and foreign country there is dual taxation agreement. You don't hve to pay tax on two country.