Whether a Non Resident is eligible for availing deduction under section 80 C or not ??
plz reply soon
CA Manasa
(CA)
(1479 Points)
Replied 30 June 2009
80C deduction is available only to Individual and HUF not for Non resident.
chetan soni
(service)
(3784 Points)
Replied 30 June 2009
As per section 80C individual & HUF's are allowed to claim the benifit under sec 80C. The law itself silent about the status of the taxpayer. Earlier when rebate u/s 88 was there, it was allowed to be claim by resident individual or HUFs.
Now as per bare reading NRI's can claim the deduction u/s 80C.
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