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NRE
Direct Taxation
what is Non Resident External account? Why is it not taxable income
Answers (8)
Seemran Singh
NRE account is an account opened by a NR to repatriate (bring) foreign money in India. (To park their foreign income). Exempt u/s 10(4) on fulfillment of certain conditions.
Interest is exempt. The interest income is earned on the foreign income parked in the NRE Account.
Seemran Singh
Interest is exempt. The interest income is earned on the foreign income parked in the NRE Account.
Income by way of salary for services rendered outside India on a foreign going ship and received into the NRE account maintained with Indian Bank shall not be included in total income.Is it same like remittance?
Thread Starter
Shankari COhok.It is exempt as per given in study material
He must be an Non resident then
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