05 October 2023
Sir, How the amount credited on maturity of PPF A/c to NRO A/c will be treated under Income tax rukes! The PPF account was opened as Resident Indian but after few years the status changed to NRI. Would appreciate kind advice!
05 October 2023
Thank You for the prompt response! However what happens if the PPF account is closed prematurely in view of the NRI status? Still 2 Years remain for maturity! Kindly advise!
CAclubindia
