TaxTMI 
TaxTMI 
I would like to know if NRI is eligible for Exemption under Section 80C by investing in a bank Deposit for Rs 1 lakh for 5 years
Exemption under 80 C
25 Mar 2013 
1 Reply 
1265 Views Asked by
NRI eligibility for Section 80C deductions confirmed for qualifying bank term deposits held for the prescribed tenure.
An NRI may claim the Income Tax deduction available under Section 80C for investments in qualifying bank fixed or term deposits held for the prescribed lock-in period, provided the deposit meets statutory eligibility criteria and requisite documentation is maintained. (AI Summary)
An NRI may claim the Income Tax deduction available under Section 80C for investments in qualifying bank fixed or term deposits held for the prescribed lock-in period, provided the deposit meets statutory eligibility criteria and requisite documentation is maintained. (AI Summary)
