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NRI OR INDIAN

Others 135 views 1 replies

Hello Everyone,

Am I Indian or NRI? (in regards to accounting and income tax)

I was born and stayed in India for over 37 years.  I am a  Indian Citizen.

On 10 Jan 2020 , I came to USA, and I am presently residing & working in USA. 

Before coming to USA, I only stayed in India all my life. 

However in 2007 & 2015 I went for a foreign holiday for 5-6 days only to south east asia.  

For all these year, I have simple savings account and current account in India, and used to file my income tax returns as resident indian and firm accounts.

Am I NRI or Indian now ?
What should I do now ?


Please advise and guide if possible ?

Regards

Replies (1)
Till FY 2019-20 you are a resident Indian. For FY2020-21 you are an NRI considering you are not in India in between 01-Apr-2020 to till date.


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