NRI OPERATION OF HIS INR FUND IN INDIA

A.K.Agrawal (Investments & Finance) (132 Points)

24 February 2011  

In case an I.Tax payer Indian, with his only interest income by loans to few parties in India in INR, goes overseas in following sequence -

1. for studies & does part time job,

2. becomes NRI, 

3. after completion of studies got marriage with a foreign citizen, & does full time job,

4. got foreign citizenship ---

Then, is he allowed to operate his bank A/Cs, investments & I.T. returns in same old fashion as usual thru his PA holder father ?

If NO, then what are the changes, he has to perform thru his father, during above various stages ?