NRI and PIO aka Non Resident Indian and Person of Indian Origin are the tow terms most commonly used interchangeably. However, these two have basic differences in them. Take a look below.

An Indian-origin individual living outside India is termed a Non-Resident Indian (NRI). The Income Tax Act, 1961, outlines different tax rules for residents and NRIs. Residency status is ...

A person would be a resident of India for income-tax purposes if he is in India for more than 182 days during the fiscal, beginning 1 April and ending 31 March.

In case an Indian citizen or person of Indian origin who is outside India, comes on a visit to India during the FY, 60 days threshold is replaced with 182 days if total income (other than incomes ...

Understand NRO account repatriation rules, including the USD 1 million limit for funds, current income remittance, and ...

I have been a domiciled tax resident of the UK for many years. Usually, I spend 4-5 months of winter every year in India. Because of the 120-day rule, I no longer qualify as a non-resident in India.

India’s Kotak Mahindra Bank Ltd. announced on Aug. 30 the launch of a credit card designed for the Non-Resident Indian segment, which includes Indian citizens who have migrated to another country, are ...

So since Mr. A has been present in UAE for more than 183 days in UAE, he becomes the tax resident of UAE as well. It means Mr. A has become a dual tax resident of India as well as UAE due to the ...