DEDUCTION U/SEC.80C TO NRI

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Hello Sir

Any persional savings  in India ( LIC Premium, NSC, PPF etc)  by Non Resident Indians is eligible for deduction U/Sec. 80C -  Please guide me.

Surendra Reddy

 

Replies (4)

Hi Sir,

 It is deductible to NRI  also, as there is no specific restriction for NRI in that section

yup It is deductible.

Sec 80C intends to promote savings and promote expenditure on some socially desirable matters. It is equally available for Residents and NRs

Sec 80 C is available for both Residents and Non-Residents...........

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