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Nre Aacount And Tax Implications


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Posted

I have a NRE account opened sometime 6 years ago. never used it.

I want to do fixed  deposit around 30Lakhs in NRE account. The interest would be around ~3Lakhs.

My question is :

Do i need show the interest earned while filing taxes in USA ?  in case yes,, what document to file ?

Will this be taxed in USA ? 

 

Posted

yes u need to show and pay tax on the interest..

 

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