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...
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