vbhatt
Joined: 3/11/2024
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RE: 10 year limit for tax spared relief on NRE deposits interest
Dear HMRC, I have an query about sparing tax relief. I have a NRE account which was opened in April 2014 so nearly 10 years back. I also fixed my money for a period of 10 years which will be maturing soon. I haven't claimed or declared any interests from the fixed deposits as the money hasn't been paid out. Will I be eligible for 15% sparing tax relief on the total interest amount upon maturity, when I do my self assessment for FY 24-25? Appreciate your assistance.