https://www.taxtmi.com/caselaws?id=797593 Interest on NRE deposits may qualify for exemption under Section 10(4)(ii) even where the individual is resident in India, if the RBI permits continued maintenance of the NRE account. The provision and its proviso prescribe alternative eligibility conditions: residence outside India under the foreign-exchange framework, or RBI permission to maintain the account. Residential status alone does not determine entitlement. Eligibility requires verification of whether the deposits could lawfully continue under the applicable RBI/FEMA framework after the change in residential status. The exemption claim was remitted for limited fresh verification on this issue. en-us Tue, 18 Aug 2026 00:00:00 +0530 Tue, 25 Aug 2026 08:34:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797593 Interest on NRE deposits may qualify for exemption under Section 10(4)(ii) even where the individual is resident in India, if the RBI permits continued maintenance of the NRE account. The provision and its proviso prescribe alternative eligibility conditions: residence outside India under the foreign-exchange framework, or RBI permission to maintain the account. Residential status alone does not determine entitlement. Eligibility requires verification of whether the deposits could lawfully continue under the applicable RBI/FEMA framework after the change in residential status. The exemption claim was remitted for limited fresh verification on this issue. Case-Laws Income Tax Tue, 18 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797593