I am working with dubai based company. I have NRE acoount with ICICI bank in which i deposit my monthly salary. Is this income is Taxable in India?
Rahul
2007-02-08 19:57:27 · 3 answers · asked by rahul_halliburton 1 in Business & Finance ➔ Taxes ➔ India
You need to tell me first your residential status according to the Income Tax act for your answer.
An individual is said to be resident in India in any previous year, if he
(a) is in India in that year for a period or periods amounting in all to one hundred and eighty-two days or more ; or
(b) 29[* * *]
(c) having within the four years preceding that year been in India for a period or periods amounting in all to three hundred and sixty-five days or more, is in India for a period or periods amounting in all to sixty days or more in that year.
For more tax related queries contact me at agarwalapurav@yahoo.co.in
2007-02-08 21:15:33 · answer #1 · answered by apurav a 3 · 1⤊ 0⤋
Money deposited in NRE account is not taxable
2007-02-08 20:21:33 · answer #2 · answered by david j 5 · 0⤊ 0⤋
non taxable since its money earned outside india and deposited in NRE acc...
2007-02-09 03:17:54 · answer #3 · answered by Sarang D 1 · 0⤊ 0⤋