How do i determine my residential status?
This query is : Resolved
14 July 2019
Recently I read in the news that the government is trying to catch hold of NRIs. Their rules will be more strict.
I know if you are more than 182 days outside india, then you can be considererd as NRI.
But recently found this rule on cleartax:
You are considered an Indian resident for a financial year:
i. When you are in India for at least 6 months (182 days to be exact) during the financial year
ii. You are in India for 2 months (60 days) for the year in the previous year and have lived for one whole year (365 days) in the last four years
Based on the 2nd rule, i have lived for 1 year in last 4 years, as i have been out only for 2 years.
So whether i will be a resident of India ?
I know if you are more than 182 days outside india, then you can be considererd as NRI.
But recently found this rule on cleartax:
You are considered an Indian resident for a financial year:
i. When you are in India for at least 6 months (182 days to be exact) during the financial year
ii. You are in India for 2 months (60 days) for the year in the previous year and have lived for one whole year (365 days) in the last four years
Based on the 2nd rule, i have lived for 1 year in last 4 years, as i have been out only for 2 years.
So whether i will be a resident of India ?
15 July 2019
You will be non resident if you are more than 182 days outside India, then you can be considered as NRI. No change in rules no need to worry.
15 July 2019
Thanks Seetharama sir.. But for the information purposes, could you please explain us Point no 2. ?
16 July 2019
Point No. 1 applicable for those go on employment.
Point No 2 is for business people.
Point No 2 is for business people.
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