Most tax saving avenues available to resident Indians are available to NRIs as well
08-Sep-2015 •Research Desk
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:
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.