Who is an ‘Non Resident Indian (NRI)’?
• Indian citizens who stay abroad for employment or for carrying on a business or vocation or for any other purpose in circumstances indicating an indefinite period of stay outside India. • Indian citizens working abroad on assignments with foreign Governments/government agencies or International/Regional Agencies like the UNO, IMF, World Bank, etc. • Officials of the Central and State Governments and Public Sector Undertakings deputed abroad on temporary assignments or posted to their offices (including Indian Diplomatic Missions) abroad.
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?
