Tuesday, September 29, 2026

My NRI status changed. Will interest earned on my NRE FDs be taxable in India?

ET Wealth reader's query: I was an NRI until FY2024–25. After relocating to India, my residential status changed to ‘resident’ from FY2025–26. While I was an NRI, I invested in fixed deposits through my NRE account, and these deposits are due to mature in FY27. Will the interest earned on these NRE fixed deposits be taxable in India?

from Tax-Wealth-Economic Times https://ift.tt/F6kYdPH

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