Deduction u/s 80c to nri

DUSHYANT ANJARIA (PROPRIETOR) (24 Points)

30 May 2016

Dear Colleagues,

Can anybody let me know whether a NRI can open a PPF account and claim the deduction u/s.80C.

Thanks,

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6 Replies

Deepak Gupta (CA Student) (15922 Points)
Replied 31 May 2016

Non-Resident Indians (NRIs) are not eligible to open a PPF account.

But if you open it as an RI, and during the 15 year tenure become an NRI, you can continue to invest, but on a non-repatriable basis.

- Rule 3(3) of the Public Provident Fund Scheme, 1968

Udgam Koomar (Tax Technologist) (1949 Points)
Replied 31 May 2016

No currently as NRI you cannot claim 80C benifits

subhash kumar jha (PROFESSION) (445 Points)
Replied 31 May 2016

Benifit of deduction under section 80C is not available to NRI

harith mandadi (student) (23 Points)
Replied 31 May 2016

deduction under section 80C is not available to NRI

CA Priyanka Kushwaha (Chartered Accountant) (1072 Points)
Replied 31 May 2016

Can anyone please tell me where this guidance comes that deduction u/s 80C is not available to a Non-Resident Indian.

Regards,

Priyanka

harith mandadi (student) (23 Points)
Replied 04 June 2016

no deductions under 80c for NRI

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