tag:blogger.com,1999:blog-7036721709697976873.post676908823370730463..comments2023-09-01T23:33:35.514-07:00Comments on SavingsFunda: What is difference between NRI and NRE accounts in India?javin paulhttp://www.blogger.com/profile/15028902221295732276noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-7036721709697976873.post-14678448273436853402017-02-04T01:25:11.236-08:002017-02-04T01:25:11.236-08:00Sorry, wrong link, use this one.Sorry, wrong link, use <a href="http://savingsfunda.blogspot.com/2016/12/how-to-check-if-you-are-nri-rnor-or-ordinary-Indian-Resident.html" rel="nofollow">this</a> one.javin paulhttps://www.blogger.com/profile/15028902221295732276noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-87503984258212772482017-02-04T01:24:30.533-08:002017-02-04T01:24:30.533-08:00Hello Ahmed, please use this flowchart to find you...Hello Ahmed, please use this <a href="https://savingsfunda.blogspot.com/2016/12/nri-demonetization-faq-what-every-nri.html" rel="nofollow">flowchart</a> to find your residential status. javin paulhttps://www.blogger.com/profile/15028902221295732276noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-53075528333482534592017-02-03T23:15:00.150-08:002017-02-03T23:15:00.150-08:00Thanks for reply .Iam confused regarding financial...Thanks for reply .Iam confused regarding financial year.See here is my stay in india as per the financial year and suppose i will stay in india in the year 2017-2018 morethan 6 months or if i will come and stay permanently after 1 april2017 ,what would be my status of nri acconts and fcnr?Financial year days in india<br />1april2016-31march2017 42<br />1april2015-31march2016 16<br />1april2014-31march2015 38<br />1april2013-31march2014 67<br />1april2012-31march2013 235<br />1april2011-31march2012 43<br />1april2010-31march2011 48<br />1april2009-31march2010 0<br />1april2008-31march2009 30<br />1april2007-31march2008 41<br />1april2006-31march2007 52<br />1april2005-31march2006 21<br />1april2004-31march2005 19<br />1april2003-31march2004 0<br />1april2002-31march2003 67<br />thanks.ahmedhttps://www.blogger.com/profile/16681651766111634729noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-68654406402454042562017-01-31T14:28:53.283-08:002017-01-31T14:28:53.283-08:00Hello Ahmed, only interest will be taxable after 2...Hello Ahmed, only interest will be taxable after 2 years in RFC account because you have already paid tax on principle. Regarding your second question, it all depends upon the residential status of returning NRI. If he is RNOR then he can keep the NRE account until he become a resident Indian from tax perspective. Until he is <a href="http://savingsfunda.blogspot.sg/2016/12/how-to-check-if-you-are-nri-rnor-or-ordinary-Indian-Resident.html" rel="nofollow">RNOR</a>, he don't need to pay tax on interest earned on NRE, FCNR or any overseas bank account. See this article to check <a href="http://savingsfunda.blogspot.sg/2016/12/how-to-find-if-returning-nri-is-RNOR-and-tax-benefit.html" rel="nofollow">how residential status of returning NRI is calculated</a>. javin paulhttps://www.blogger.com/profile/15028902221295732276noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-571264381407239172017-01-31T07:51:30.931-08:002017-01-31T07:51:30.931-08:00I want to ask you about the total asset in RFC acc...I want to ask you about the total asset in RFC account will be taxable after 2 years or only interest will be taxed if nri permanantly returned to india.Another thing i want to ask if NRI comeback permanatly to india and he has suppose 50 lakhs rupees amount in his NRI account and he is not fullfilling criteria to open RFC account ,the whole 50 lakhs amount will be taxable?ahmedhttps://www.blogger.com/profile/16681651766111634729noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-78885136916758407392016-05-13T02:53:39.220-07:002016-05-13T02:53:39.220-07:00Thank you for sharing such great information. It i...Thank you for sharing such great information. It is very informative, if can you help me in finding out more detail on <a href="http://www.idbi.com/nri-banking.asp" rel="nofollow">NRI Banking </a>, i am interested and would like to know more about this field and wanted to understand the basics of NRI Banking Services.Anonymoushttps://www.blogger.com/profile/16318764259596514961noreply@blogger.com