Your Taxes
My son is an NRI. He deposited ₹1.5 lakh in PPF account in India during April 2017 for claiming IT relief u/s 80C for the Assessment Year 2018-19. But through your column dated 04.12.2017, I understand that as per a recent notification, PPF a/c of NRIs will be deemed closed and only SB a/c interest will be paid.Kindly enlighten me as to when this notification came out and whether it is applicable...
Please Wait while comments are loading...
This article is closed for comments.
Please Email the Editor
Comments to:
Copyright ©2018, The Hindu Business Line