📢 𝐏𝐏𝐅 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭 –𝐓𝐚𝐱-𝐅𝐫𝐞𝐞 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚, 𝐁𝐮𝐭 𝐖𝐡𝐚𝐭 𝐀𝐛𝐨𝐮𝐭 𝐀𝐛𝐫𝐨𝐚𝐝? 🌍💰 #motivation #guidetonri #taxcode

In the previous video, we discussed the 𝐛𝐚𝐬𝐢𝐜𝐬 𝐨𝐟 𝐏𝐏𝐅 𝐟𝐨𝐫 𝐍𝐑𝐈𝐬, including that:

🔒 You cannot open a new PPF account or extend it once you become an NRI.

✅ But 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐞 𝐚𝐧 𝐞𝐱𝐢𝐬𝐭𝐢𝐧𝐠 𝐏𝐏𝐅 𝐚𝐜𝐜𝐨𝐮𝐧𝐭 (opened while you were a resident) till its 15-year maturity.

Now, let’s talk about the 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐞𝐚𝐫𝐧𝐞𝐝 𝐨𝐧 𝐭𝐡𝐚𝐭 𝐏𝐏𝐅 𝐚𝐜𝐜𝐨𝐮𝐧𝐭:

🇮🇳 𝐈𝐧 𝐈𝐧𝐝𝐢𝐚:

✅ Interest earned on PPF is completely tax-free.

🇺🇸 𝐈𝐧 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞 𝐜𝐨𝐮𝐧𝐭𝐫𝐲 (𝐥𝐢𝐤𝐞 𝐭𝐡𝐞 𝐔𝐒𝐀):

🚨 The same interest may be TAXABLE and must be reported under FBAR (Foreign Bank Account Report).

So yes, even though it’s 𝐞𝐱𝐞𝐦𝐩𝐭 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚, 𝐢𝐭 𝐦𝐚𝐲 𝐛𝐞 𝐭𝐚𝐱𝐚𝐛𝐥𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐜𝐨𝐮𝐧𝐭𝐫𝐲 𝐰𝐡𝐞𝐫𝐞 𝐲𝐨𝐮’𝐫𝐞 𝐚 𝐭𝐚𝐱 𝐫𝐞𝐬𝐢𝐝𝐞𝐧𝐭.

🔎 𝐌𝐨𝐫𝐚𝐥 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐭𝐨𝐫𝐲:

💼 𝐊𝐧𝐨𝐰 𝐲𝐨𝐮𝐫 𝐜𝐨𝐮𝐧𝐭𝐫𝐲’𝐬 𝐭𝐚𝐱 𝐫𝐮𝐥𝐞𝐬—just because something is exempt in India doesn’t mean it’s exempt globally!

#CARinkeshshah #charteredaccountant #guidetonri #PPFInterest 💰 #NRIInvestments 🌍 #TaxationForNRIs 🇮🇳📜 #GlobalTaxPlanning ✈ #FBARCompliance 🧾 #NRIAdvisory 💼 #FAQsforNRI #StayInformed ✅

Видео 📢 𝐏𝐏𝐅 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭 –𝐓𝐚𝐱-𝐅𝐫𝐞𝐞 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚, 𝐁𝐮𝐭 𝐖𝐡𝐚𝐭 𝐀𝐛𝐨𝐮𝐭 𝐀𝐛𝐫𝐨𝐚𝐝? 🌍💰 #motivation #guidetonri #taxcode канала CA Rinkesh Shah