PPF maturity funds repatriation and DTAA
This query is : Resolved
20 January 2023
Sir,
An individual who is NRI and with status of Green Card holder, wants to repatriate the PPF maturity receipts credited through his NRO a/c to his overseas bank a/c. He has never availed and opted for any DTAA benefit
Query:-
1. Can he repatriate PPF Maturity amount through NRO a/c once PPF a/c is closed on completion of its tenure.
2. Does it attract any provisions of DTAA .
3. Is this repatriation will not attract any tax liability in India as maturity amount is , "Exempt
,Exempt, Exempt " and not taxable
4. Does it make any difference in taxation in India after a individual NRI gets status of Green Card holder.
Pls guide.
An individual who is NRI and with status of Green Card holder, wants to repatriate the PPF maturity receipts credited through his NRO a/c to his overseas bank a/c. He has never availed and opted for any DTAA benefit
Query:-
1. Can he repatriate PPF Maturity amount through NRO a/c once PPF a/c is closed on completion of its tenure.
2. Does it attract any provisions of DTAA .
3. Is this repatriation will not attract any tax liability in India as maturity amount is , "Exempt
,Exempt, Exempt " and not taxable
4. Does it make any difference in taxation in India after a individual NRI gets status of Green Card holder.
Pls guide.
20 January 2023
1 yes.
2 No.
3 yes.
4 No.
2 No.
3 yes.
4 No.
20 January 2023
Thank you very much Sir for your clear ,authentic precisely guiding replies, You are excellent professional.
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