Reckoning of NRI status

Save Share

This query is : Resolved

Quick Summary

This discussion clarifies how to determine the effective date of becoming a Non-Resident Indian (NRI). It explains the 182-day rule, particularly for those seeking employment abroad or on ships. The conversation also addresses the practical implications of converting a savings account to an NRO account once NRI status is established.

RAJEEV KUMAR MEHTA

RAJEEV KUMAR MEHTA (Querist)
Follow

09 October 2023 How does one calculate the effective date of becoming NRI? Would appreciate if could be elucidated with an example of 365 days in four years!

Kindly advise!

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

09 October 2023 In case of going for employment and employment in ship it's 182 days criteria applicable for NRI.

RAJEEV KUMAR MEHTA

RAJEEV KUMAR MEHTA (Querist)
Follow

09 October 2023 Yes Sir but what happens if according to the above criteria one became NRI in October 2021 and the saving account is converted to NRO account now?

Kindly advise!

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

09 October 2023 No problem you will face.

RAJEEV KUMAR MEHTA

RAJEEV KUMAR MEHTA (Querist)
Follow

09 October 2023 Thank You Sir! Appreciate your prompt response!

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

09 October 2023 You are welcome...
...

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now