Foreign citizen vs nri
This query is : Resolved
22 June 2018
Dear sir,
Can we say that all the Foreign Citizens are NRI's.if so, or if not, kindly enlighten on this further
Can we say that all the Foreign Citizens are NRI's.if so, or if not, kindly enlighten on this further
22 June 2018
All the foreign citizens are not NRI. Only citizens of India living outside India is called NRI.
22 June 2018
Sir, What you said, now i understand. Now citizens of India living out side India and subsequently they got the foreign citizen ship. But Form this Asst.Year for all NRI's at the time of filing income tax returns, it is mandatory to disclose all the foreign accounts, and all the foreign earnings, in the Indian Income Tax return as they have the taxable income in India, if i am not wrong. kindly advise
22 June 2018
You are wrong only Indian resident is required to disclose their foreign earning and foreign assets. NRI's are not required.
Person's of Indian origin who got citizen of foreign countries will be called as PIO(person of Indian origin).
Person's of Indian origin who got citizen of foreign countries will be called as PIO(person of Indian origin).
22 June 2018
just to add one more clarification to your understanding. Indians living outside India are consider non-resident Indians. It is not necessary for them to have foreign citizenship
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Inventory of finished goods
- GST Regis.
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- RCM INVOICING FROM NOV-2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Tds on building rent monthly
- Disallowance of Section 43B(h) to sez units
- As per schedule III of balance sheet how to pass journal entry
- Is correct way to find out capital of individual on 31st March
- Individual capital equal to which assets of balance sheet
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
