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Mihir

Mihir Tanna  |1053 Answers  |Ask -

Tax Expert - Answered on Aug 17, 2023

Mihir Ashok Tanna, who works with a well-known chartered accountancy firm in Mumbai, has more than 15 years of experience in direct taxation.
He handles various kinds of matters related to direct tax such as PAN/ TAN application; compliance including ITR, TDS return filing; issuance/ filing of statutory forms like Form 15CB, Form 61A, etc; application u/s 10(46); application for condonation of delay; application for lower/ nil TDS certificate; transfer pricing and study report; advisory/ opinion on direct tax matters; handling various income-tax notices; compounding application on show cause for TDS default; verification of books for TDS/ TCS/ equalisation levy compliance; application for pending income-tax demand and refund; charitable trust taxation and compliance; income-tax scrutiny and CIT(A) for all types of taxpayers including individuals, firms, LLPs, corporates, trusts, non-resident individuals and companies.
He regularly represents clients before the income tax authorities including the commissioner of income tax (appeal).... more
Asked by Anonymous - Jun 25, 2023Hindi
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Sir, I was a NRI for last 14 years and in June 2022 I permanently returned back to India after job contract finished and i qualified as RNOR for FY 2022-23, upon returning in June 2022 I closed all my NRE FD and opened resident FD. Is the interest earned upto June 2022 in NRE FD s are taxable as RNOR

Ans: Person cannot avail the exemption under section 10(4)(ii) of the Act and the NRE interest income earned for the entire year shall become taxable till the time the account is operational. Further, the taxable interest earned from the NRE account will be eligible for deduction of up to Rs 10,000 (for savings interest only), under section 80TTA and up to INR 50,000 (for senior citizens) under section 80TTB of the Act.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Hello, i am 15 years old......my 10th result just came out and i got 97%......actually i have always been a topper since i was small but in 9th i started getting bored of always studying and i got tired .....so i started drifting away from studies.....my grades dropped continously......and when the results came for 10th boards.....i have scored less than many people that i know were not toppers rather some were even below average.....my parents are really disappointed and are telling me that if i would have gone to classes for subjects, i would have gotten better marks......i didn't go to any classes in 10th standard for studies.....because i was very tired of constanty trying to be the best.....now i have joined coaching for NEET preparation to give neet in 2027......i really want to get the best attitude and marks back which i lost and became a phone addict......i want to show the world that i can do it.....i want to be successful......pls guide me.....i didnt tell this to my parents because i am really dissapointed in myself.....pls help
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