Topic: Tax concessions to NRIs

Are there any tax concessions available to NRIs on balances/deposits in their NRE/FCNR accounts with domestic Indian banks?

This message was edited 1 time. Last update was at 30/06/2009 09:23:30

Yes Puneet, Income from interest on money standing to the credit of NRE/FCNR accounts is exempt from Income-tax.
Download free income tax calculator

Investment opportunity for NRIs HIRANANDANI - THE WALK - 1 BHK @ Rs.7750/- psft
If you are looking to invest in India in Real-estate since it is the best time for NRIs to invest in India.
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We have an excellent deal on the one of the leading developers in India The Hiranandani Group. Their new upcoming project THE WALK is located in Thane, Mumbai.
The current market price is Rs.8250/- psft
Groffr price is Rs. 7750/- psft. It’s a pre-launch price and the possession time is Dec, 2015
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Hi,
Probably I am responding to this post late. However, you may want to check out the link which details on NRE FDs and the tax implication on it

http://insight.banyanfa.com/?p=123

Regards
Banyanfa

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