My client is a non resident till the prevous year ending 31.03.2016. He left India on 31.10.1993 for employement and retired on 31.12.2015 and returned to India on 6.2.2016 for permanent settlement. He invested the retirement indemnity earned from foreign employer as follows:
US$ 25000 in life insurance policy off shore for period of 5 years with effect from 5.1.2016
US$ 25000 as FCNR in scheduled commercial bank in India for a period of three years from 14.1.2016
Euro 33000 in FCNR plus for a period of 3 years from 11.3.2016 in a scheduled bank
NRE DEPOSIT OF RS 10 lakh for 2 years from 14.1.2016
Kindly clarify the tax liability if any of my client for the AY 2017/2018 to 2022/2023
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