INCOME RECEIVED IN NRE ACCOUNT

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....NCOME RECEIVED IN NRE ACCOUNT<br> Query (Issue) Started By: - manoj gupta Dated:- 22-2-2012 Last Reply Date:- 25-5-2012 Income Tax<br>Got 1 Reply<br>Income Tax<br>An Indian Citizen works in Nigeria. D....

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....uring the fin. year 2010-11 he stayed in Nigeria upto 31.08.2010. During this period he received his salary from Nigerial company in his NRE account opened in an Indian branch of HSBC bank. After that....

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.... he came to India. The company continued to pay salary in his NRE account till 30.11.2010. Now, he is ordinary resident in India in 2010-11 as he satisfies the relevant conditions. -Is his salary rec....

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....eived in NRE account is treated as received in India and is it taxable in India. - What is the position if Nigerian company has already deducted/paid tax on this salary in Nigeria. - Is interest rec....

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....eived in NRE account taxable in India. Pls. clarify. Reply By Anuj Gupta: The Reply: - Yes the salary received in India can be taxable on the receipt basis. - Credit of TDS deducted in Nigeria sha....

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....ll be available. - No the same is taxfree. Also kindly check as the ransfer of salary in NRE acount is not permitted. NRO account is used for the same purpose. Anuj<br> Discussion Forum - Knowledge....

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