Menu
NRI saving for KVC
a NRI wants to invest his money in India into kisaan vikas certificate in post office, but he file last year return as NRI and he also continue his post office account as resident status. kindly guide for investment of said amount.
Replies (3)
Quick Summary
NRI is not eligible for KVP
He made saving on behalf oh his wife
A non Resident is not eligible to invest in Kissan Vikas Patra (KVP). If he has made investment when he was a resident then his previous investment would be transferred by postoffice after intimation to his NRO account. Investment by Non Resident in KVP is not possible.
Recent Topics :
- PCIT-1 Thane Email address
- CA Fees deduction for non audit case allowed?
- 5th Letter PAN Mismatch with Surname issues still
- Criteria to hire an article
- Guidence requested for a Finance Professional with
- Expert Opinion Required – Form 140 Gross Amo
- WRONG TAX DEMAND - formal responses , rectificatio
- Foreign remittance
- Affordable Residential Flats in Gurgaon
- Manufacturing
Related Topics :
CAclubindia
