NRI investments for tax benefits | Value Research Most tax saving avenues available to resident Indians are available to NRIs as well
Ask Value Research

NRI investments for tax benefits

Most tax saving avenues available to resident Indians are available to NRIs as well

In what schemes an NRI can make investment for getting benefits under Section 80C. Pls suggest some good schemes.
- K K Sinha

Most tax saving avenues available to resident indians are available to NRIs. Here is a list of investment options available to an NRI under Section 80C:

  • Equity Linked Savings Scheme (ELSS)
  • Unit Linked Insurance Plan(ULIP)
  • NRO 5-yr tax saver FD
  • Annuity plan of LIC or other life Insurers (Section 80CCC)
  • Contribution of NPS (Section 80CCD)
  • Investment in Rajiv Gandhi Equity Savings Scheme (Section 80CCG)

Expenses

  • Tuition fees for upto 2 children studying in India
  • Principal repayments of loan for purchase of house property

If you are investing for growth, you can consider investing in well-rated Equity Linked Savings Schemes (ELSSs). These funds have a lock-in period of three years from the date of purchase and they have the potential to offer superior returns than others. If you are looking for safer fixed income avenue, you can opt for NRO 5-year tax saver FD.


Other Categories