NRIs can’t invest in certain specified govt bonds
One may invest the maturity amount in eligible government bonds, depending upon the residential status in India
I am a non-resident Indian (NRI) and I sold my flat in India in January 2018. I had invested ₹50 lakh in NHAI bonds under Section 54EC, maturing in January 2021. Will I get the tax benefit, and am I allowed to invest the maturity amount in government bonds to get regular income, as I will likely retire in the next few months and settle back in India. Also, will this investment be held as a resident or as an NRI?