It is true that NRI deposits in Foreign Currency ( FCNR) deposits is exempted from Tax after relocation to india. Please provide the clarity in the FCNR deposits.
Hey @Srikanth,
The interest income generated from an FCNR account is not taxable in India if you are an NRI. Moreover, upon maturity, you can transfer the amount to any resident Rupee account without incurring any tax liabilities.
Hope this helps!
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Thanks maam for your kind clarifications and much appreciated.
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