As per the Act, there are certain deductions available to NRI for certain payments made which are explained as under:
Points to Remember:
Sec 80C, 80CCC deduction benefit is limited to Rs. 1,50,000 as prescribed u/s 80CCE
Deduction is allowed for donation paid in cash to a charitable trust upto Rs.2,000/- only
Frequently asked questions
A NRI pays LIC premium of RS. 90,000 and also he contributes in PPF for RS. 50,000 then what shall be his eligible deduction?
Computation of Eligible deduction as per Sec 80C