sec 5 (2) a of IT act

[Guest]

if any NRI deposit money from abroad in his indian saving account. not through NRE account. than what this deposit will be treated as income received in india or deemed to be received in india. or will be it taxable in india.

[DR.MARIAPPAN GOVINDARAJAN]

It will not be deemed to be received in India. I may be received in India and in my view it is taxable. The opinion of experts is solicited.

[Guest]

MARIAPPAN GOVINDARAJAN SIR if money has deposited in NRE account instead of indian saving bank account. than what will be happen.

[DR.MARIAPPAN GOVINDARAJAN]

In my view there is no difference.

[Ganeshan Kalyani]

Income earned outside India is not taxable in India. This is my view. Thanks.

AI Summary

Taxability of NRI remittances: foreign deposits into Indian savings accounts may be treated as income received and taxable. Remittances by a non-resident into a regular Indian savings account were described as not deemed to be received in India by one respondent but potentially constituting income actually received in India and hence taxable; a respondent also opined no difference if funds are sent to an NRE account, while another asserted foreign earned income is not taxable in India.