Who is Non resident INDIAN

Who is NRI

As per Definition of NRI of Regulation 2(vi) of FEMA “A Person who is Indian resident (in other words who is a citizen of India) but presently residing  outside India, or is a person of Indian origin is NRI”

Indian citizens working abroad on assignment with Foreign Governments, Govt. agencies or in UNO and its affiliates IMF,IBRD etc. and Govt. officials (both central and state) and other officials of PSU's deputed abroad on assignments or posted abroad including Diplomatic Missions are also NRI

Indian Students studying abroad are also treated as NRIs provided their stay abroad is for more than 182 days in the preceding financial year and their intention to stay outside India for an uncertain period when they go abroad for studies

Non-resident foreign citizens of Indian origin are treated on par with NRI citizens for the purpose of certain facilities

Apart from above, the following category of persons is also classified NRIs:

 Person of India Origin For the purpose of investment in India in immovable property, a person of Indian origin means an individual (other than a citizen of Bangladesh, Pakistan and Sri Lanka) Indian Citizen As per Indian Citizenship Act, 1955, a person acquires citizenship of India by the following:

1. By Birth: A person who is born in India on or after 26.01.1950

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2. By Descent (Heritage): A person born outside India on or after 26.01.1950 if his father was citizen by birth at the time of birth of the person.

3. By Registration: If the father is a citizen by descent, the birth of child must be registered

with Indian Consulate within one year for treating him citizen by descent.

4. By Naturalization: A foreign citizen may apply for citizenship of India and if Government of India grant citizenship to such person, he becomes citizen by naturalization.

5. By Annexation: When country annexes a territory which hitherto was not considered territory of India, citizen staying in such territory automatically become citizen of India.

Who is not an NRI?

Indians who go abroad for either of the following purposes

Tourism, Undertaking business promotion

To receive/ impart training

Obtaining medical treatment

Participating in sports or cultural activities

Indians or persons of Indian Origin residing in Nepal/Bhutan/Pakistan/Bangladesh

Crew members working for Shipping/Airlines Companies posted in India and those companies whose registered offices are in India