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Raman Kale

NRI Taxation...
Hello Amlan Sir,
Thank you for your noble work. You arre a great support to several people like me in need of knowledge.

Question 1: I am an NRI by the virtue of being a seafarer(profession : merchant navy). I have NRE + NRO accounts and several Fixed deposists in my bank. Please clarify if interests ...
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Amlan Dutta
For AY 2018 19 and earlier - (Since tax acts are now changing every year)

As long as your taxable residential status is NRI , your NRE fixed deposits (or interest on any NRE account ) are exempt i.e they do not attract taxes on interest .......once you become resident , they shall again ...
  • May 4, 2018
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