Hi everyone,
Is a foreign employee ( US citizen), being employed in India, can claim tax deduction under section 80C ?
The deduction is with respect to Provident fund contribution.
This is for the purpose of computing the TDS to be deducted per month.
Thanks in Advance!
YES a foreign employee is also allowed to get deduction u/s 80C. nowhere in section 80C it is mentioned that only resident individual is allowed for deduction. it says that aindividual / huf is allowed for deduction u/s 80C.
so individual include foreign employee also.
Thanks a lot !!
CAclubindia
