Are there any exceptions for residence in Nepal under FEMA/ITA

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This discussion clarifies the residential status of Indian citizens living in Nepal under Indian regulations. It confirms that regardless of employment status, an Indian citizen residing in Nepal is considered a Non-Resident Indian (NRI) under both the Foreign Exchange Management Act (FEMA) and the Income Tax Act (ITA). Therefore, the correct classification is 'Both FEMA and ITA'.

Akshit Jain

Akshit Jain (Querist)

29 October 2024 If an Indian citizen lives in Nepal, whether employed or not, would he be considered an NRI (Non-Resident Indian) under
A) FEMA
B) ITA (Income Tax Act)
C) BOTH FEMA and ITA
D) NEITHER FEMA NOR ITA

What is the correct answer - A, B, C or D?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

29 October 2024 C) BOTH FEMA and ITA

Akshit Jain

Akshit Jain (Querist)

30 October 2024 Thank you for clarifying. Does it matter for the residential status under FEMA or ITA whether the Indian citizen who lives in Nepal is employed or not?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

30 October 2024 No.

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