Nri income from nre deposit

tushar (Querist) 27 August 2013 This query is : Resolved
Good day sir/madam,

if my income from Bank NRE FD is more than 3 L,then do i have to pay taxes, am seafarer by profession and complete 185 days outside india.

please guide,

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M V Gupta (Expert) 28 August 2013
Interest earned on NRE A/c is exempt from taxation.See Section 10(4)(ii) of IT Act. It has nothing to do with ur stay.

malipeddi jaggarao (Expert) 30 August 2013
I endorse the views of Mr.Gupta.

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