Hello,
I'm an OCI with dividend income in India of ~ INR 225K. To my understanding -
The question that I have is, can I contribute to ELSS and reduce taxes payable (by opting for the old scheme)?
Thank you for your time.
An OCI cardholder is liable for taxation on his/her global income and is subject to the conditions of DTAA.
Not eligible for any deductions from dividend income, including ELSS.
Murali and Sumeet Chartered Accountant
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