This discussion clarifies whether Non-Resident Indians (NRIs) can claim tax deductions under Chapter VI A, such as those for 80C and 80D investments, using funds from their NRI accounts. The consensus is that NRIs can indeed claim these deductions, even if their income is earned abroad. This means you can invest in Indian tax-saving schemes and reduce your taxable income in India.
15 March 2021
Can a NRI claim deductions for his Indian income under Chapter VI A by making investments in 80C / 80D schemes etc from funds in the NRI Account. Will there be an issue since NRI income is outside the purview of taxable income.