Challenger App

No.1 PSC Learning App

1M+ Downloads
Is the interest earned on FCNR(B) accounts taxable in India?

AYes, fully taxable

BNo, it is tax-free

COnly partially taxable

DTaxable only after repatriation

Answer:

B. No, it is tax-free

Read Explanation:

.


Related Questions:

The most important feature of negotiable instrument is ---
The credit creation capacity of a commercial bank is primarily influenced by which of the following?
Under which type of interest calculation, the bank charges interest on interest
When paying insurance premiums as agent, the bank must:
Which of the following is not a characteristic of consortium banking?