Dear Sir/Friends,
Whether Resident became non resident in the F.Y. 2011-12 and If he invest in PPF Scheme Rs.50,000 whethe he is eligible to get deduction u/s 80C.
Thanks in advance
Vineet Goyal
(Assistant Manager - Finance & Accounts)
(702 Points)
Replied 24 July 2012
Yes, deduction is still allowed u/s 80C. It is allowed to an Individual or HUF whether resident or non-resident.