Thursday, October 13, 2022

Residential Status and NRI - Non Resident Indians

Let us understand this easily and make it simple - especially 'NRIs'

NRI's to get this clear -
"Residential Status" has dual meaning-

A- Citizenship
B- Taxability

Both have different meanings and applications.

With the type of card or passport, your 'citizenship' is defined viz. Non Resident Indian , OCI etc.

AND

With a defined method based on 'number of days of residing' helps you get your 'Residential Status, as per Income Tax Department' , helps you ascertain your taxability.

#nri #nriindians #financialplanning #financialfreedom #financialplanner #financialmanagement #investing #investingforbeginners #nriservices #itprofessional #indian #residential



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