How is an NRI defined for Income Tax Purpose?
According to Income Tax Act, 1961, an individual is said to be a ‘resident’ in any year if he has been in India in that year: • for a period of 182 days or more; or • for a period of 60 days or more and has also been in India within the preceding four years for a period of 365 days or more However, the period of 60 days is increased to 150 days in case of citizen of India or a person of Indian Origin who has been outside India and comes on a visit to India, and to 182 days in case when a citizen of India who leaves India for purposes of employment outside India, or as a member of a crew of an Indian ship.
