Income Tax for NRI: Determine Your Residential Status?
How do I determine my Residential Status?
You are considered to be an Indian resident in a particular financial year on the basis of the following:-
In case you are an Indian citizen working abroad or a crew member of an Indian ship, you must meet the first condition mentioned above in order to accomplish your residential status as an Indian resident i.e. you need to remain at least 182 days in India. The same condition is applicable to a Person of Indian Origin (PIO) who is on a visit to India for any purpose. The second condition is not applicable on these individuals.
Note – Person of Indian origin (PIO) is an individual whose parents or grandparents were born in undivided India.
What Clients Say
Prakash Verma
Praveen Chauhan
Pradeep Kochhar
Blogs
In today's dynamic business landscape, navigating through various regulatory requirements and financial obligations can be... Read More
FinacBooks is a reliable platform that helps business owners in getting verified leads. It offers various services and solutions that can... Read More
Starting a new business in India requires several legal procedures, paperwork, and timely compliance with regulatory authorities. Company... Read More