Who is a NRI (Non Resident Indian)?
A NRI is an Indian citizen who stays outside India (a) For purposes of carrying out employment or any business or vocation; (b) Under circumstances indicating an intention to stay outside India for an uncertain duration; The term also includes an Indian citizen deputed outside India for a temporary period in connection with employment.
Related Questions
- If an NRI plans to return to India, for how long will he/she be considered a Non – Resident Indian? And for what time period will his income from investments not be taxed?
- Do I need to be a resident Indian / NRI (Non Resident Indian) / PIO (Person of Indian origin) to open this account?
- Can an NRI have a joint account in Mutual Funds with a resident Indian?
