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Nri meaning and definition the term nri means more than just its full form A person from india who is living in a different country… It's a legal status given by the indian government to indian citizens living abroad
For instance, if priya from our previous example stays in the united states for more than 182 days in a financial year, she would be legally considered an nri under the foreign exchange management act (fema) 1999. Different indian laws define nris in slightly different ways. Nri status under the income tax act depends on physical presence in india, not citizenship
You could be a foreign citizen and still be a resident for tax purposes if you spend enough days in india.
Copyright © 2025 consulate general of india, san francisco, usa Nri who returned to bengaluru from the us shares his struggles adapting to indian metro life, regrets moving back and now plans to relocate to germany. Nri is defined differently by income tax act of india and fema There are several tax benefits for nris under compliance rules.
An non resident indian (nri) is an indian citizen who resided in india for less than 182 days during the previous financial year or people who live outside india for employment, business, or any other purpose for an uncertain period This term describes indian citizens who primarily live and work outside india Being an nri changes how your taxes work and what investment rules apply to you
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