NRE A/C of NRI'

[Guest]

Please advice whether an Individual is required to report Income & Gain from both NRE and NRO account in India for filing Income tax return or is liable to tax only in respect of NRO Income & Gains.

[Ganeshan Kalyani]

What is NRO?

[DR.MARIAPPAN GOVINDARAJAN]

NRO account means Non Resident Ordinary Account.

AI Summary

Clarification sought on tax reporting for income from NRE and NRO accounts in India; confusion remains on requirements. An individual inquired about the tax reporting requirements for income and gains from NRE (Non-Resident External) and NRO (Non-Resident Ordinary) accounts in India. The question was whether they need to report income from both accounts when filing an income tax return or only from the NRO account. The responses clarified the meaning of an NRO account, which is a Non-Resident Ordinary Account, but did not directly address the tax reporting requirements.