• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
relakhs

Q&A Forum - ReLakhs.com

Personal Finance

  • Home
  • Ask Question
  • Q & A Forum
  • Contact
  • Latest News
  • Archive
  • Banking
  • Financial Planning
  • Insurance
  • Investments
  • Home Loans & Credit
  • Mutual Funds
  • Portfolio Review
  • Tax Planning
  • More..
    • Fixed Deposits
    • Gold & Commodities
    • Provident Fund (EPF & PPF)
    • Real Estate
    • Retirement Planning
    • Stocks/Shares

Advise on investments

Last updated: October 12, 2020

Q & A Forum › Category: Investments › Advise on investments
0 Vote Up Vote Down
Mukul asked 3 months ago

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.

Question Tags: Investment
1 Answers
0 Vote Up Vote Down
Sreekanth Staff answered 3 months ago

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.
 
 

Primary Sidebar

Log In

  • Register
  • Lost your password?

23500+ Followers…Connect NOW!

  • Facebook
  • LinkedIn
  • Pinterest
  • Twitter

Related Topics

Disclosure / Disclaimer

“Please note that the views given in this Blog/Comments Section/Forum are clarifications meant for reference and guidance of the readers to explore further on the topics/queries raised and take informed decisions. These should not be construed as investment advice or legal opinion.”

We request you not to provide your contact details (Email-Id / Phone number) & confidential information as User-IDs, in blog comments, in Q&As etc., We do not approach our visitors to sell any Financial product / service.

Disclaimer | ReLakhs Financial Services | © Copyright 2021 | Hosting and Customization by Best Hosting And Design.