enfrdeitptrues

Unlike resident Indians, NRIs does not enjoy deductions on some investments under Section 80C of the I-T Act. These include:

  • Investment in the Public Provident Fund (You can, however, maintain your PPF accounts if you opened them while they were a resident.)
  • Investment in the National Savings Certificate
  • Investments in five-year Post-Office Deposit Scheme
  • Investment in senior-citizen savings scheme
  • Investment in the Rajiv Gandhi Equity Savings Scheme
  • Deductions are given to differently-abled people under Section 80DD, Section 80DDB and Section 80U

2020 CPA REG REVIEW NOTES: Regulation

2020 CPA BEC REVIEW NOTES: Business Environment Concepts