
Get Sample Pre-filled Form Lumpsum Nri-nre - Idfc Mutual Fund 2020-2025
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An NRE account is tax-free, and a person does not have to pay wealth tax, income tax, or tax gift in India. On the other hand, the interest accumulated from the NRO account and credit balances comes under the respective tax bracket. The people having an NRO account are subject to applicable gift and wealth tax.
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