Can NRIs open a PPF Account? Know the rules, restrictions and closure optionsPremature withdrawals are permitted after five years of account opening, subject to specific conditions. Upon maturity, the funds are credi...
Latest PPF interest rate: What is the Public Provident Fund interest rate?Latest PPF interest rate: The Public Provident Fund is highly favored for its long-term guaranteed earnings and tax benefits. By allocating...
Latest PPF (Public Provident Fund) interest rate for July- September 2024 quarterLatest PPF interest rate: The Public Provident Fund (PPF) is widely favored as a savings option. The government has recently revealed the i...
Can NRIs continue to operate their PPF accounts?NRIs navigating PPF accounts encounter restrictions and guidelines, from tax benefits to closure procedures. Understanding these rules is c...
Latest PPF interest rate: Was Public Provident Fund rate hiked for April-June 2024 quarter?Latest PPF interest rate: The Public Provident Fund (PPF) is one of the most popular savings instruments. Note that only one PPF account ca...
Tax tweaks Budget 2023 should propose to pull more funds from NRIsNRIs remit funds to India for various reasons which may include the upkeep of their dependents staying in India, the continuation of their ...
Tax implications of NRI transferring money to wife's bank account in IndiaAs per current income tax laws, an NRI is required to file an income tax return in India if his gross total income exceeds Rs 2.5 lakh in a...
I am moving to France for my new job. Can I keep my PF account active?If the contributions are not made to the PF account, then the account becomes inoperative. However, the account will continue to earn inter...
Can I continue to invest in PPF, Sukanya Samriddhi Yojna, mutual fund SIPs after I relocate abroad?NRIs can't invest in PPF. So far as SIPs are concerned, whether you can continue with them will depend on the particular mutual fund.
Public Provident Fund: 15 lesser known but important rulesHere are some lesser-known facts about the Public Provident Fund that can help you make a more informed investment decision.
NRIs can continue their PPF account now; Earlier it was to close on losing resident statusAn NRI cannot invest in PPF, however, if one's residential status subsequently changed to NRI, the account was allowed to be run till matur...
How NRIs can avoid tax troublesThe tax rules for NRIs are quite different from those that apply to resident citizens and are subject to very elaborate tax reporting.
- Query Corner: Taxation
Yes, you can claim deduction under Section 80C on contributions made by you to your wife's public provident fund (PPF) account.
Taxation rules for NRIsWhen it comes to filing taxes, NRIs find themselves in this unenviable position as Income tax rules for NRIs are different.
Taxation rules & tax saving tips for NRIsNRIs need not pay all taxes that are applicable to residents. Here are some exemptions, deductions and tax-saving tips they can avail of.
Why PPF is not an attractive investment option for NRIsFirstly as an NRI you cannot open PPF account. Secondly, if you live in US or UK, you will have to pay tax there on your PPF earnings.
- Query Corner: Taxation
Our expert Vaibhav Sankla, Executive Director, Adroit, guides you in matters related to taxation.