Dear Colleagues,
Can anybody let me know whether a NRI can open a PPF account and claim the deduction u/s.80C.
Thanks,
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Deduction u/s 80c to nri
Replies (6)
Non-Resident Indians (NRIs) are not eligible to open a PPF account.
But if you open it as an RI, and during the 15 year tenure become an NRI, you can continue to invest, but on a non-repatriable basis.
- Rule 3(3) of the Public Provident Fund Scheme, 1968
No currently as NRI you cannot claim 80C benifits
Benifit of deduction under section 80C is not available to NRI
deduction under section 80C is not available to NRI
Can anyone please tell me where this guidance comes that deduction u/s 80C is not available to a Non-Resident Indian.
Regards,
Priyanka
no deductions under 80c for NRI
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