Nri rules for dependent wife in us
Querist : Anonymous
I may visit India in the current year to streamline all my investments. If I stay for more than 60 days, I would be Resident but if in case, I can not than what happens to my investments? My question is:
1. When I become NRI? I mean from the date of my leaving India? or after staying away for more than 182 days from India? I mean which is exact date from which NRI rules will be applicable? This FY or from the next FY?
2. Question is not regarding taxability of income but a technical one for compliance purpose. That is when it becomes obligatory for me to inform all concerned parties where I am having investments regarding my status?
3. Do I become NRI for the next financial year following the financial year where I have become NRI? As I am not sure whether I would be there for more than 60 days in current FY in India, my status is unsure till the end of current financial year. In such a case, what course I should take?
4. Is there any relaxation in rules for dependent spouse who are not allowed to take any position or work for profit in USA:
Experts pleas guide me.
Querist : Anonymous
I was resident up to and including F.Y. 2016-17. I moved to US in March 2017 only. As I was in India for more than 365 days in last 4 years preceding to current year, I require to stay in India only for more than 60 days in this year to qualify as Resident.
My questions are pertaining to applicability date of my status whether I am NRI or not. If I do not stay in India for more than 60 days in current year, I will become NRI though I stayed for more than 365 days in last 4 years.
I appreciate your prompt reply but I request you earnestly to go through my query again as I think you have missed out few facts of the case and questions there in.
your income is taxable in India whether you are non resident, OR resident or resident but not ordinarily resident
Do you agree with that?
so to say, it does not make any difference whether you stay upto 60 days or more than that....your indian income is still taxable
are you getting what i am suggesting?
Now for academic purpose........please forget the clause of 60days.....and focus on 182 days....
Querist : Anonymous
Its technicality of applicability timing and when to inform concern parties regarding status change.
Hope, I am clear about that.
And so far as informing is concerned, you need to follow the definition of FEMA and not income tax.....
FEMA definition of non resident is very simple.......please go through the same
Querist : Anonymous
please go through the link and then please revert for query if any.
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