Tax notice for getting salary in NRE bank a/c
An employee, Mr. Akka, received a tax notice for earning salary in his Non-Resident External (NRE) bank account from his foreign employer in South Korea, despite working for a Greek company. The Income Tax Appellate Tribunal (ITAT) Bangalore ruled in Akka's favor, stating that salary credited to an NRE account is not taxable in India unless the individual is entitled to tax treaty benefits.
The tribunal agreed that Akka's salary, deposited into his NRE account, should not be included in his total income. Akka won the case after providing necessary documents to the Income Tax Appellate Tribunal (ITAT) Bangalore.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
