Jitendra J asked on 16/11/2020
If one works abroad as a mariner in foreign ship for 170 days and stays in UK for 180 days for study of chief mate course of marine and spends the balance few days in India then he will get NRI status or not?
NRI as per Income Tax NRI as per Income tax isn’t defined directly which means that there is no definition for Non Resident Indians (NRIs) under the IT Act, but it lays down certain criterias to certify citizens as residents of India. According to Income Tax regulations, a citizen will be a resident […]
PIO or Person of Indian Origin; is a person with foreign citizenship who has an Indian origin. The factors that define the term “Indian Origin” are: A person who was born in India A person who at any time, held an Indian Passport or An individual who is either a citizen of India or […]
To prove NRI status, one has to submit any of the following documents as proof of residence abroad: Employment Details Student Status Dependent Visa Status, or A copy of Resident Permit of the country where the individual is residing Note: The proof needs to be attested either by the Indian Embassy, Notary or an Indian […]
Refer to the table below to understand about the various types of NRI Accounts: Types of NRI Accounts Factors to consider Non Resident External (NRE) Account Non Resident Ordinary (NRO) Account Foreign Currency Non Resident (FCNR) Account Purpose For income earned outside India For income earned from India (pension, rent etc.) Foreign Currency Investment in […]
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