Friday, December 13, 2019

A resident person as per FEMA not eligible to claim exemption on interest earned from FD maintained in NRE a/c

INCOME TAX : Where assessee who was a non-resident earlier, stayed in India for relevant financial year for 283 days for taking up employment, he would become a resident in India as per FEMA; thus, he would not be entitled to exemption under section 10(4)

from www.taxmann.com Latest Case Laws https://ift.tt/38y8LcZ
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