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.
sec 5 (2) a of IT act
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Debate on Tax Implications for NRIs: Is Money in Indian Savings Accounts Taxable? Expert Opinions Vary on Account Type. A discussion on an online forum addresses whether money deposited by a Non-Resident Indian (NRI) into an Indian savings account, as opposed to an NRE account, is considered income received in India and thus taxable. One participant believes it is taxable, while another suggests that income earned outside India is not taxable in India. The conversation seeks expert opinions on the matter, with differing views on whether the type of account affects the taxability of the deposits. (AI Summary)
TaxTMI
TaxTMI