NRI Money Transfers to India Are Tax-free, if Not Being Invested

first_imgAlso, any interest income earned from a bank account (except interest from NRE account which is tax-free) shall be included in the income tax return of the first holder of the account. An NRI must file tax return in India, if income from India exceeds Rs2.5 lakh in a financial year.Read it at Live Mint Related Itemslast_img