Particulars

During "RNOR" Status

During "Resident" Status

Fixed Deposits with Banks

Exempt upto maturity of deposit.

Taxable as Normal Resident with an option for flat rate @ 20% upto maturity.

Interest on NRNR a/c

Exempt upto maturity of the deposit.

Taxable as Normal Resident with an option for flat rate @ 20% upto maturity.

Interest on FCNR a/c

Exempt upto maturity of the deposit.

Taxable as Normal Resident with an option for flat rate @ 20% upto maturity.

Interest on RFC a/c(NRE/FCNR a/c converted)

Exempt even on deposits renewed during the status.

Taxable as Normal Resident.

Dividend on Shares/Mutual Fund Units

Exempt.

Exempt.

Capital Gains on Shares

Taxable as in case of Resident.

Taxable as in case of Resident.

Interest on Debentures

Taxable as Normal Resident with an option for flat rate @20% upto Transfer Redemption.

Taxable as Normal Residents with an option for flat rate @20% upto Transfer/Redemption.

Interest on Fixed Deposits with Companies

Taxable as Normal Resident with an option for flat rate @ 20% upto maturity.