Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Are the funds in the NRO account taxable?

account funds nro taxable
0

Yes, the interest on NRO Savings Account is subject to tax deduction at source as per the applicable tax rates.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.