Nri and foreign national-urgent
Toral Sampat
(Querist) 18 June 2013
This query is : Resolved
Respected Experts,
I need your valueable advice.
Can you'll please let me know whether Foreign Nationals and NRI are considered to be same and does Foreign Nationals impliedly includes NRI's or a specific distinction needs to be mentioned for the same.
Looking forward to hear from you.
Thanking you all in advance.
Toral
Khaleel Ahmed Mohammed
(Expert) 18 June 2013
Foreign Nationals are the Nationals of other countries, NRI are the Nationals of India,but they are living abroad, so they are called Non Residnet of Indian.
Rajendra K Goyal
(Expert) 18 June 2013
Agreed with the expert further,
The term non-resident is negatively defined under section 6 of the Income-tax Act.
An individual who is not a resident under the Income-tax Act is a non-resident.
The status of a person as a resident or non-resident depends on his period of stay in
India. The period of stay is counted in number of days for each financial year
beginning from 1st April to 31st March (known as previous year under the Incometax
Act).
