I got a job in Dubai straight out of college 10 years ago. I've not worked in India, never paid any income taxes in 10 years as an NRI and don't have a PAN card. Should I get a PAN card and submit my returns? I have some NRE and NRNR term deposits in banks in India, is the interest earned taxable?
RE:PAN card
by Nigel on Dec 10, 2006 02:39 PM Permalink
- Better to get a PAN card - it is required for a multitude of transactions in India nowadays (e.g. buying house, opening demat account, etc). - On NRE accounts there is no tax - On NRO accounts there is tax on interest, but quite likely it is deducted by the bank at source
