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What are the tax exemptions available for NRI’s?

April 26, 2017exemptions NRI tax

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What are the tax exemptions available for NRI’s?

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ANS: For the NRIs tax exemptions are available on: 1) Income from interest on National Saving Certificate VI/VII issue purchased in 2) Income from interest on funds held in NRE/FCNR accounts. 3) Income from NRNR deposit 4) Interest on notified securities or bonds and premium on redemption of such securities 5) Income from units of UTI acquired in foreign exchange by Indian citizen/person of Indian origin. 6) Interest from notified bonds (7 year dollar bonds issued by the SBI notified) purchased in foreign exchange, exemption continues even after person becomes resident.