I have my NRE account in SBI Peechi br. in kerala and the PIS account also can be opened in the same branch of SBI? Once money moved from NRE to PIS account then the money will be taxable? as NRE money is not taxable.
Once money moved from NRE to PIS account then the money will be taxable? As NRE money is not taxable
No. Since, it’s between NRE accounts, there wouldn’t be any taxes levied on that.