Are there any exceptions for residence in Nepal under FEMA/ITA
This query is : Resolved
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?
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?
29 October 2024
C) BOTH FEMA and ITA
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?
30 October 2024
No.
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