NRI is eligible for deduction

Is a NRI is eligible for deduction under section 80C and 80 TTA
Replies (6)
Quick Summary
Non-Resident Indians (NRIs) can claim deductions under Section 80C and 80TTA of the Indian Income Tax Act. Eligible expenses under Section 80C include life insurance premiums, children's tuition fees in India, and principal repayments on home loans. Investments in Unit-Linked Insurance Plans (ULIPs) and Equity Linked Savings Schemes (ELSS) are also permissible. Specific exclusions may apply, so it's advisable to confirm eligibility based on individual circumstances.

Deductions Under Section 80C

Most of the deductions under Section 80 are also available to NRIs. For FY 2019-20, a maximum deduction of up to Rs 1.5 lakhs is allowed under Section 80C from gross total income for an individual.

b. Of the Deductions Under Section 80C, those allowed to NRIs are:

i. Life insurance premium payment: The policy must be in the NRI’s name or in the name of their spouse or any child’s name (child may be dependent/independent, minor/major, or married/unmarried). The premium must be less than 10% of sum assured.

ii. Children’s tuition fee payment: Tuition fees paid to any school, college, university or other educational institution situated within India for the purpose of full-time education of any two children (including payments for play school, pre-nursery and nursery).

iii. Principal repayments on loan for the purchase of a house property: Deduction is allowed for repayment of loan taken for buying or constructing residential house property. Also allowed for stamp duty, registration fees and other expenses for purpose of transfer of such property to the NRI.

iv. Unit-linked insurance plan (ULIPS): ULIPS is sold with life insurance cover for deduction under Section 80C. Includes contribution to unit-linked insurance plan of LIC mutual fund e.g. Dhanraksha 1989 and contribution to other units -linked insurance plan of UTI.

v. Investments in ELSS: ELSS has been the most preferred option in recent years as it allows you to claim a deduction under Section 80C upto Rs 1.5 lakhs, it offers the EEE (Exempt-Exempt-Exempt) benefit to taxpayers and simultaneously offers an excellent opportunity to earn as these funds invest primarily in the equity market in a diversified manner.
Eligible for both expect
ppf
nsc
senior citizen Deduction
post office 5 yr scheme
if you say what exctalty in 80c I can tell you you can take or not
Ok sir thanks a lot
A NRI IS NOT ELIGIBLE FOR DEDUCTION OR EXEMPTION UNDER INDIAN LAWS.
Of course, NRI is eligible for specific items under 80C and also eligible under 80TTA.
Yes NRI is eligible for deduction under section 80c

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