If you wish to remit your funds abroad (from NRO to NRE), you need to get the certificate issued (Form 15CB) by a Indian Chartered accountant for the same and fill up and submit Form 15CA online. You can remit upto USD 1Mn every year from your NRO account. Click on the link abov...
Is it possible to claim refund of TDS on cash withdrawal under new section 194N? Everything you need to know about NRI Income Tax What happens to the NRE Account of an NRI once he or she returns to India? Impact of “Deemed Resident” Provisions on NRIs in the GCC Countries Can an...
Check the tax rates for FY 2013-2014 (Assesment year 2014-15) You can then file the Income tax return online and claim refund of excess tax paid. Normally it takes 4-6 months for refund to be credited to your bank account. IMPORTANT: 1) You must have PAN to get refund or benefit o...
Interest earned on a NRE account and FCNR account is tax free. Interest on NRO account is taxable for an NRI. Our article,Bank Accounts for NRI:NRO,NRE,FCNR, Their comparison, talks about it in detail. Lets go over the different types of Income for NRI. Income from salary Your salary...
2. Interest in NRE account 3. Interest on FCNR deposit Is that ok? Thanks a lot and appreciate this discussion topic. So you are doing correct by showing it as exempt income. It is mandatory for an individual to file income tax return in case her gross total income (before allowing ded...