Abhipra : Non Resident Indians

Q.1 Who is a Non-Resident Indian [NRI]?
Ans. Non- Resident Indian [NRI] means a ‘person resident outside India’ who is a citizen of India or is a ‘person of Indian origin’. 

Q.2 Who is a ‘person resident outside India’?
Ans. Under the Foreign Exchange Management Act, 1999 [FEMA], a person who is NOT a ‘person resident in India’, as defined under Section 2 (v) of the Act is considered as a ‘person resident outside India’. The most important change in definition [since FERA 1973] is that the citizenship of a person no longer has a bearing in determination of residential status.

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