02 December 2022
Thanks for the prompt reply to my query of 1st December regarding above noted subject. I have the following consequential questions. 1 she is to be shown as resident. But is there a column for indicating citizenship where she can be shown as American citizen? 2 What needs to be done to her PPF and & year RBI bonds purchased in2021?Can these be carried through maturity. Thanks, S C Goswami
03 December 2022
1 Resident but not ordinary resident column is there. How many years she was resident. 2 If a PPF account was created by an Indian national (resident Indian) who later became an NRI, he or she can continue to contribute to it and enjoy all the benefits.Nothing will happen to the account, it will not be closed, surrendered, or deemed invalid. The account and benefits can be enjoyed by the Indian turned NRI.
CAclubindia
