Non-resident Indian (NRI): A Non-Resident Indian is defined under Section 2(30) of the Act to mean a person who is not a ... or PIOs (Persons of Indian Origin) visiting India, the limit of ...

An Indian-origin individual living outside India is termed a Non-Resident Indian (NRI). The Income Tax Act, 1961, outlines different tax rules for residents and NRIs. Residency status is ...

You are correct that a person of Indian origin having more than ₹15 lakh ... Accordingly, the tax liability for a non-resident on the sale of property in India remains the same as that of ...

Physical stay in India ≥ 60 days during relevant FY and ≥ 365 days in preceding 4 FYs. In case an Indian citizen or person of Indian origin who ... be deemed to be Resident but Not Ordinarily ...

There are over 30 million non-resident Indians (NRIs ... of such visiting individuals, being Indian citizen or person of Indian origin, during the financial year is more than INR 15 lakh.

A non-resident Indian means an individual, who is not a resident and is (i) a citizen of India; or (ii) a person of Indian origin. Here are some key Clauses for NRI’s to take note of.

Investing in Indian mutual funds presents a compelling opportunity for Non-Resident ... NRI is a person residing outside India who is either a citizen of India or a person of Indian origin.

The same applies to a Person of Indian Origin (PIO) who visits India ... Interest earned on an Non Residential External (NRE) account and Foreign Currency Non-Resident Account (FCNR) account is ...

It is not the country of origin, but the number of days’ stay in India, which determine whether a person will be a resident or non-resident for tax purposes (see table). Resident individuals are ...

This figure constitutes 15.9 million Non-Resident Indians (NRIs) and 19.5 million Persons of Indian Origin (PIOs), the Minister said in a written answer placed on the table of Lok Sabha ...