Hello Sree,
I have investments in PPF, MF of around Rs 15L.
if i travel to US next year, then what are tax implications on PPF and MF.
Do i need to change any thing.
1 Answers
Hi,
It depends on whether you acquire NRI Residential status or not..
Kindly read :
NRI Residential Status & Taxation (new) rules FY 2020-21 | Budget 2020
Investments in PPF can be continued till maturity period even after becoming an NRI.
Read :
Latest NSC & PPF rules for Non-Resident Indians (NRIs) | New Amendments to PPF Act & NSC
Once you become an NRI, you need to update your residential status with your Share broker/MF AMCs.
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