Menu
NRE account - deduction claim
resident subsequently became non resident in PY 19-20. after becoming NRI he opened NRE account. While still being non resident he invested in ELSS scheme (mutual fund) through his normal saving bank account which he was using while he was in India. Whether he is eligible for deduction or he must mandatorily pay through NRE account to claim deduction?
Replies (1)
It should be through NRE account.The moment you become NRI , you must update your bank account to NRE.
Considering the practical difficulties in the year in which resident became Non resident, can be eligible for claiming deduction
Considering the practical difficulties in the year in which resident became Non resident, can be eligible for claiming deduction
Recent Threads
- AGM WITH SHORTER NOTICE
- 15CA/15CB Bulk Filing Automation Tool – Need
- GSTR 9 FY 2023-24 LATE FEE
- Should we go under Section 59 of IBC or Section 27
- HUF'S ISSUE
- Gst interest and penalty doubts
- TDS RATE ON RENT FOR NRI
- NBFC costing
- Taxablity of GSLI under Income Tax
- Final new course clarification
Related Threads
CAclubindia
