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