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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