Business Studies, asked by jagwatigehlot16, 3 months ago

income which accrues outside india but is received in india is taxable if the person is​

Answers

Answered by shivamsingh1947
2

Answer:

Interest income from NRE account is exempt from tax in India if the individual qualifies as a 'person resident outside India' under the exchange control law or is a person who has been permitted by the Reserve Bank of India to maintain the NRE account

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I am an Indian working in the Gulf since 2009. Budget 2020 changed the criteria for residential status. What are the conditions to be eligible as a non-resident Indian (NRI) and resident but not ordinarily resident (RNOR)? Also, is the interest on non-resident external (NRE) deposits included to determine total income in India?

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