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TMI BlogINCOME RECEIVED IN NRE ACCOUNTX X X X Extracts X X X X X X X X Extracts X X X X ..... INCOME RECEIVED IN NRE ACCOUNT X X X X Extracts X X X X X X X X Extracts X X X X ..... During the fin. year 2010-11 he stayed in Nigeria upto 31.08.2010. During this period he received his salary from Nigerial company in his NRE account opened in an Indian branch of HSBC bank. After tha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t he came to India. The company continued to pay salary in his NRE account till 30.11.2010. Now, he is ordinary resident in India in 2010-11 as he satisfies the relevant conditions. -Is his salary re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ceived in NRE account is treated as received in India and is it taxable in India. - What is the position if Nigerian company has already deducted/paid tax on this salary in Nigeria. - Is interest re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ceived in NRE account taxable in India. Pls. clarify. Reply By Anuj Gupta: The Reply: - Yes the salary received in India can be taxable on the receipt basis. - Credit of TDS deducted in Nigeria sh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... all be available.
- No the same is taxfree.
Also kindly check as the ransfer of salary in NRE acount is not permitted. NRO account is used for the same purpose.
Anuj X X X X Extracts X X X X X X X X Extracts X X X X ..... e Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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