Returning NRI to India for permanente settle
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Anand Prakash Garg
(Querist)
18 June 2024
I am NRI from +10 years.
In FY 2024-25, I will be out of India for 183 days and balance days will stay in India. Will I be considered as NRI
(1st April to 1Sept overees)
In FY 2024-25, I will be out of India for 183 days and balance days will stay in India. Will I be considered as NRI
(1st April to 1Sept overees)
18 June 2024
for attaining Residential Status you need to stay in India for 182 days or more OR 60 days in Previous year and 365 days or more in 4 years preceding to previous year. https://www.caclubindia.com/articles/section-6-of-income-tax-act-51907.asp
Dhirajlal Rambhia
(Expert)
18 June 2024
Yes, if out of India for more than 183 days.........
Anand Prakash Garg
(Querist)
18 June 2024
Thank you Mr. Dhirajlal.
One more clarification.
in FY 24-25 , 183 day oversee stays
in FY 25-26, 183 days oversees stays
For both year I will be considered having NRI status and lateron FY26-27 I will be resident.
One more clarification.
in FY 24-25 , 183 day oversee stays
in FY 25-26, 183 days oversees stays
For both year I will be considered having NRI status and lateron FY26-27 I will be resident.
Dhirajlal Rambhia
(Expert)
18 June 2024
Yes, if in FY 2026-27, if you stay 60 days or more in India, and more than 183 days in preceding both years out of India...........
But you will be facilitated as RNOR for few more years !!!
But you will be facilitated as RNOR for few more years !!!
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Dhirajlal Rambhia
(Expert)
30 August 2024
Good luck.
Anand Prakash Garg
(Querist)
18 February 2025
Dear Mr. Dhiraj lalji,
In above same question, staying +10 years oversees. Would prefer your guidance on my NRI status if I come to India for permanent settlement.
FY 24-25 stayed in India 181 days only
FY 25-26 stays in India 181 days only, I understand current budget 2025 says <120 days.
Am I NRI for FY 2025-26
If not, to keep NRI status how many days I must stay in India.
Thanks a lot for your guidance
In above same question, staying +10 years oversees. Would prefer your guidance on my NRI status if I come to India for permanent settlement.
FY 24-25 stayed in India 181 days only
FY 25-26 stays in India 181 days only, I understand current budget 2025 says <120 days.
Am I NRI for FY 2025-26
If not, to keep NRI status how many days I must stay in India.
Thanks a lot for your guidance
Dhirajlal Rambhia
(Expert)
19 February 2025
As such there is no change in sec. 6(1) of IT act, as per budget 2025. The changes incorporated in the budget are detailed below::
https://www.brivanglobal.com/blog/nri-tax-exemptions-under-budget-2025/
You need to check your income in India, If it exceeds Rs. 15 lakhs, then the 120 day rules will apply.
https://www.brivanglobal.com/blog/nri-tax-exemptions-under-budget-2025/
You need to check your income in India, If it exceeds Rs. 15 lakhs, then the 120 day rules will apply.
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Anand Prakash Garg
(Querist)
20 February 2025
Dear Mr. Dhiraj Lalji,
If I stay in above FY 2025-26 in India 181 days and my Gross taxable Income or Total Income
is <15 lakhs (excluding interest on NRE deposits). Hence, I will be treated as NRI.
Am I correct?
If I stay in above FY 2025-26 in India 181 days and my Gross taxable Income or Total Income
is <15 lakhs (excluding interest on NRE deposits). Hence, I will be treated as NRI.
Am I correct?
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Dhirajlal Rambhia
(Expert)
20 February 2025
Yes, but check your stay in all the preceding 4 years.
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