4 years ago .New Delhi, Delhi, India

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#Budget2021 #IncomeTax #IncomeTaxReturn

Income received in India is taxable in the hands of Non-Residents.

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Published: February 01, 2021 08:50:59 New Delhi, Delhi, India

Income%20received%20in%20India%20is%20taxable%20in%20the%20hands%20of%20Non-Residents.

Under%20the%20income%20tax%20law%2C%20any%20sum%20exceeding%20Rs%200%2C000%20received%20without%20consideration%20from%20any%20person%20is%20taxable%20in%20the%20hands%20of%20the%20recipient.%20Fifts%20from%20specified%20relatives%20are%20not%20liable%20to%20tax.%26nbsp%3B

Any%20income%20earned%20from%20funds%20in%20a%20NRE%20account%20%28such%20as%20interest%20income%29%20will%20be%20taxable.%20Interest%20income%20from%20NRE%20accounts%20is%20exempt%20from%20tax%20in%20India%20if%20one%20qualifes%20as%20a%20%u201Cperson%20resident%20outside%20India%22%20under%20the%20exchange%20control%20law%20or%20if%20one%20is%20permitted%20by%20the%20Reserve%20Bank%20of%20India%20%28RBI%29%20to%20maintain%20such%20an%20account.

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