NRI to Resident -tax implications
My status is NRI . I left India in Feb 2007 and will be finally returning to India in Oct 2015 . During all these years my stay in India in each FY was approx 80 days . I want to know am I eligible to qualify for status of Resident but Not Ordinary Resident (RNOR) from tax point of view . Kindly reply .
Asked 2 years ago in Income Tax from New Delhi, Delhi
Once your stay in India is 730 days you will be resident in India. Therefore status depends on no of days stay in India exceeding 729 days during last 4 years therefore you may be not ordinarily resident in India for 3 years .
Talk to Vijay N. Kale
4.9 on 5.0