Who is a non-resident Indian (NRI)?
A non-resident Indian (NRI) is an Indian citizen or a person of Indian origin who stays abroad for employment/ carrying on business or vocation outside India or stays abroad under circumstances indicating an uncertain duration of stay abroad. A person shall be deemed to be of Indian origin if he/she or either of his/her parents or any of grandparents was born in undivided India.
A non-resident Indian (NRI) is an Indian citizen or a person of Indian origin who stays abroad for employment/ carrying on business or vocation outside India or stays abroad under circumstances indicating an uncertain duration of stay abroad. A person shall be deemed to be of Indian origin if he/she or either of his/her parents or any of grandparents was born in undivided India. Or An Indian Citizen who stays abroad for employment/carrying on business or vocation outside India or stays abroad under circumstances indicating an intention for an uncertain duration of stay abroad is a non-resident. Students going abroad for studies are also treated as NRIs. If you are NRI & want to start your Investments than don’t miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
1) An NRI is an Indian citizen who stays outside India • for purposes of carrying out employment, business or vocation • with an intention to stay outside India for an uncertain duration; • posted in U.N. Organizations or officials deputed abroad by the Government or Public Sector Undertakings on temporary assignments. A Non-Resident Indian is termed as a “person resident outside India”. Clause 2(W) of FEMA 1999 indicates that “A person resident outside India” means a person who is not resident in India. Clause 2(V) of FEMA 1999 defines a “Resident” as follows: A. person residing in India for more than 182 days during the preceding financial year but does not include: • a person who has gone out of India for taking up employment outside India, or • for carrying out a business outside India, or • for any other purpose, which would indicate his intention to stay outside India for an uncertain period; B. a person who has come to or stays in India in either case, otherwise than • for takin
An Indian Citizen/ Person of Indian origin (not being a citizen of Pakistan or Bangladesh) who stays abroad for employment/ carrying on business or vocation or stays abroad under circumstances indicating an intention for an uncertain duration of stay abroad is a non-resident. Persons posted in U.N. organizations and officials deputed abroad by Central/State Governments and Public Sector undertakings on temporary assignments are also treated as non-residents). Non-resident foreign citizens of Indian Origin are treated on par with non-resident Indian citizens (NRIs) for the purpose of certain facilities. Indian Citizens who proceed abroad for higher studies, business visits of short duration, training, medical treatment etc are continued to be treated as residents in India even during their temporary absence from India.
An Indian citizen or a foreign citizen of Indian origin who has stayed abroad for employment/carrying out business or vocation for 182 days or more or under circumstances indicating an intention for an unknown duration of stay abroad is a Non-Resident Indian (NRI). Those who stay abroad on business visits, for medical treatment, study or such other purposes, which do not indicate an intention to stay there for an indefinite period, are not considered as NRIs.
Related Questions
- NRI FAQ’s: Do non-resident Indian nationals require permission of Reserve Bank to acquire residential / commercial property in India?
- What is Indias policy on investment by Non-Resident Indians (NRI) or Person of Indian Origin (PIO)?
- What is Indias policy on investment by Non-Resident Indians (NRI) or Person of Indian Origin (PIO)?
