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-   -   NRE / NRO Account - Taxation? (https://www.askmehelpdesk.com/showthread.php?t=51710)

  • Jan 2, 2007, 07:04 AM
    Arvindtn
    NRE / NRO Account - Taxation?
    Hi,

    Iam currently working in UK from Dec 2006 and my period of stay is uncertain. Iam here on a work permit. In my organisation this was treated as a transfer from my company operating in India to my company operating in UK hence I had been removed from my Indian Payroll and I am currently in my UK Payroll.

    The issue is I am not a NRI as my period of stay is less than 182days for this current financial year. I have taken a housing loan in India and I need to ensure that my savings account is sufficiently funded to honour my Housing Loan EMI's under these circumstance what kind of account should I open is it NRO / NRE to transfer money from my UK Bank Account to India without attracting any tax in India?

    Iam currently paying my taxes in the form of TDS in UK.

    Thanks & Regards
    Arvind T N
  • Jan 2, 2007, 07:24 AM
    AtlantaTaxExpert
    Arvind:

    Do not take this wrong, but I haven't the slightest idea about what you are discussing.

    This is a forum that discusses tax issues within the United States, not the United Kingdom or India. While there may be someone who can answer your question, I have yet to see anyone with tax expertise in the UK post to this site.

    Suggest you try another forum.

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