When A Person Becomes NRI In India?

NRI stands for "Non-Resident Indian," and it refers to Indian citizens who live outside of India for an extended period of time, usually for work or study. NRIs are considered Indian citizens for legal purposes and are eligible to vote in Indian elections, but they may not be eligible for certain government benefits or subsidies.

NRIs (Non-Resident Indians) are subject to different tax laws in India compared to residents. The tax liability of an NRI is determined by their residential status, which is based on the number of days they spend in India during a financial year.

If an NRI is in India for less than 182 days in a financial year, they are considered a "non-resident" for tax purposes. Non-residents are only taxed on income that is earned or received in India. This includes salary income, rental income from property in India, and income from investments in India.

If an NRI is in India for more than 182 days but less than 365 days in a financial year, they are considered a "resident but not ordinarily resident" (RNOR) for tax purposes. RNORs are taxed on their global income, but they may be eligible for certain tax benefits, such as lower tax rates on certain types of income.

If an NRI is in India for 365 days or more in a financial year, they are considered a "resident" for tax purposes and are taxed on their global income.

It's important to note that tax laws and regulations in India are subject to change and it's always best to consult a tax professional or check with the Indian tax department for the most current information.