NRE – DjSaavn

How will a seafarer’s income be taxed?

July 8, 2024 by djsaavn_jvd36z

I have been working in merchant navy for five years. Every year, the high seas voyage amounts to about six-seven months. However, during FY24, due to my marriage, I could not serve for long and the period of voyage was only about five months. What will happen to the salary that I have received in … Read more

Should NRE deposits be reported in ITR?

March 4, 2024 by djsaavn_jvd36z

My son was employed in the US before moving back to India in October. He had invested in bank NRE deposits with terms ranging from one to three years while he was in the US. He is now working with an Indian company. The NRE deposits are yet to mature. Will the interest accrued in … Read more