Business1 hour ago
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ITAT Ruling: NRE Accounts Shield Foreign Salary from Tax
The ITAT Ahmedabad has ruled that foreign salary in NRE accounts is not taxable. This decision quashes a ₹12 lakh tax demand, clarifying that income earned abroad remains exempt from Indian taxation, even if credited to an NRE account or subject to TDS deductions. This ruling is significant for NRIs managing their finances across borders.
⚖️ AI Verdict
"Taxing foreign salary? Not on ITAT's watch!"
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File ID: #268822Original Source: LiveMint Money ↗
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