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)
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
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.
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 !!!
CAclubindia
