Are there exemptions on income for Non-resident Indian (NRI) in respect of Tax returns filing?

Gireesh Gireesh
Answered on February 13,2020

Following incomes are exempt from tax in the hands of a Non-resident Indian (NRI):-

  • Interest on notified savings certificates issued before 01-06-2002 by the Central Government if it is subscribed in convertible foreign exchange remitted from a country outside India
  • Interest on notified bonds (notified prior to 01-06-2002) purchased in foreign exchange (subject to certain conditions)

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