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SBI 3.74% FCNR

AlaElaAlaEla

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AlaElaAlaEla

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51 minutes ago, Spartan said:

Because that is the income u r getting and not paying taxes anywhere...

Interest amount is considered as income anywhere in the world.


NRE interest in tax exempt.  In USA when filing tax returns, can we report that interest income from NRE account as tax exempt (which is true since it really is tax exempt). If IRS recognizes an interest income in India, then it also should recognize the tax implications of the same. This is the Tax treaty with India. 

Not sure where exactly is the correct source link for this.

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