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 Residential status as per FEMA NRI as per FEMA- Residential status as per FEMA NRI as per FEMA
- October 18, 2021
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FEMA contains separate and distinct provisions to determine residential status as compared to Income Act, 1961. Therefore, a person may qualify as resident under FEMA and he may not qualify as resident under Income Tax Act, 1961.
FEMA has divided persons in following 2 parts:
Person resident in India
Person resident outside India, who is citizen of India is an NRI
Income tax divided residential status in following 3 parts
Resident and ordinarily resident
Resident and Not ordinarily resident
Non-Resident Indian (NRI)
Read more about residential status as per Income tax Act 1961
In this article we will discuss Residential status as per FEMA
1. Person resident in India as per FEMA means
Different criterias...
- View more at: https://www.1888pressrelease.com/residential-status-as-per-fema-nri-as-per-fema-pr-698511.html
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