Investment in ppf
This query is : Resolved
13 April 2018
I created my PPF account in 2011. But for last 1.5 year I have been outside India and have turned NRI.
Can I still invest in PPF while I am out?
If NO, I will be moving to India soon, can I invest in PPF then?
Thanks for the help.
Can I still invest in PPF while I am out?
If NO, I will be moving to India soon, can I invest in PPF then?
Thanks for the help.
S S Dahale
(Expert)
14 April 2018
one can not make (for any reason,whether he was in India / or out of it) PPF subscription-contribution , for the elapsed period, but can claim TAX FREE INTEREST earned by him , due to earlier subscription in his ITR
14 April 2018
@ss dahale I couldn't understand your answer. I am not asking can I earn interest on the elapsed time.
My question is: Can I still invest in my existing PPF account as I have turned NRI in the last year?
My question is: Can I still invest in my existing PPF account as I have turned NRI in the last year?
14 April 2018
NRIs can deposit in PPF account started while the depositor was resident in India till its maturity.
Inference - Notification (MOF (DEA) No GSR 585 (E) dated 25.7.2003)
Inference - Notification (MOF (DEA) No GSR 585 (E) dated 25.7.2003)
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