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PPF maturity funds repatriation and DTAA

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20 January 2023 Sir,

An individual who is NRI and with status of Green Card holder, wants to repatriate the PPF maturity receipts credited through his NRO a/c to his overseas bank a/c. He has never availed and opted for any DTAA benefit

Query:-

1. Can he repatriate PPF Maturity amount through NRO a/c once PPF a/c is closed on completion of its tenure.
2. Does it attract any provisions of DTAA .
3. Is this repatriation will not attract any tax liability in India as maturity amount is , "Exempt
,Exempt, Exempt " and not taxable
4. Does it make any difference in taxation in India after a individual NRI gets status of Green Card holder.

Pls guide.



20 January 2023 1 yes.
2 No.
3 yes.
4 No.

20 January 2023 Thank you very much Sir for your clear ,authentic precisely guiding replies, You are excellent professional.






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