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Credit to NRO account from PPF account

This query is : Resolved 
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(Querist)
05 October 2023 Sir,
How the amount credited on maturity of PPF A/c to NRO A/c will be treated under Income tax rukes!
The PPF account was opened as Resident Indian but after few years the status changed to NRI.
Would appreciate kind advice!
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
05 October 2023 It's exempt from tax.
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RAJEEV KUMAR MEHTA

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RAJEEV KUMAR MEHTA (Querist)
05 October 2023 Thank You for the prompt response! However what happens if the PPF account is closed prematurely in view of the NRI status? Still 2 Years remain for maturity! Kindly advise!
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
05 October 2023 You can keep it till maturity.
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RAJEEV KUMAR MEHTA

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RAJEEV KUMAR MEHTA (Querist)
05 October 2023 Noted your kind advice but how much tax will have to be paid on maturity when the proceeds are credited to NRO Account?
Thank You Sir!
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
06 October 2023 No tax payable when proceeds credited to NRO account.
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RAJEEV KUMAR MEHTA

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RAJEEV KUMAR MEHTA (Querist)
07 October 2023 Thank You Sir for your kind advice!
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
07 October 2023 You are welcome.
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