Rediff.com |  Feedback  
You are here: » Rediff Home » Discussion Boards » Permalink
  
View : Single Message | Complete Thread | Read complete Discussion
Can i open a PPF account being A NRI
by Mathews B on Feb 22, 2007 03:12 PM   Permalink | Hide replies

As I am residing in Kuwait and wanted to open a PPF account in India for me,wife and a daughter , if yes is it taxable .

Regards
Mathews

    Forward  |  Report abuse
  RE:Can i open a PPF account being A NRI
by mouli mouli on Feb 22, 2007 03:13 PM   Permalink
yes you can open ppf account.
it is not liable to tax

   Forward   |   Report abuse
  RE:Can i open a PPF account being A NRI
by VarinderPal Sharma on Feb 22, 2007 03:21 PM   Permalink
No, it is not taxable.

   Forward   |   Report abuse
The above message is part of the Discussion Board:
Create tax-free income for child