New York, Michigan, California, Florida, Illinois, New Jersey, Texas, Virginia, Pennsylvania, Georgia, Maryland
Country: United States
Question: Who is non-resident Indian (NRI)?
Raju Kanumuri: An Indian Citizen who stays abroad for employment/carrying on business or vocation outside India or stays abroad under circumstances indicating an intention for an uncertain duration of stay abroad is a non-resident. (Persons Posted in U.N. organisations and official deputed abroad by Central/State Governments and Public Sector undertakings on non-temporary assignments are also treated as non-residents). Non-resident foreign citizens of Indian Origin are treated on par with non- resident Indian citizen (NRIs). Indians going abroad for study, seminars, lectures, or research are not NRIs. No student can be an NRI until he/she finishes his/her studies and starts working abroad.
Source : Reserve Bank Of India
Q: Can an NRI buy property in India without an Indian citizenship?
A: Only individuals with Indian Citizenship are allowed to own property in India or they should at least own an OCI Card ( Overseas citizenship of India )
Q: Can NRIs avail loans for acquisition of residential properties in India?
A: As per the Reserve Bank Of India guidelines, NRIs can avail bank loans from only certain financial institutions in the country. The regulations/conditions will be at par with those applicable to...
Q: What should be the method of payment for NRIs to purchase property in India?
A: NRIs/PIOs are only allowed to purchase properties by funds remitted/routed through normal banking channels or funds in NRE/FCNR accounts maintained with banks in India.
Q: Can NRI transfer their property by way of sale?
A: As per the current guidelines, NRIs/PIOs are allowed to transfer their properties by way of sale.
Q: Can OCI holders open PPF account in India?
A: OCI holders who are living in India are considered to be residents in India. Their status is no longer that of a Non-Resident (NRI). Therefore they can open PPF account in India.
While we are on...
Q: What are the step by step instructions to replace lost OCI card?
A: Before a lost OCI card can be replaced,
Applicants should file a police report. To apply for a replacement OCI Card, applicants will have to provide a copy of the complaint filed with the police....
Q: Can i repatriate funds in the NRI account?
A: The principal as well as the interest of the funds in an NRI account can be repatriated only if a person holds either an NRE account or an FCNR account. In case of an NRO account, only interest...
Q: Can US citizen with OCI avoid paying Indian taxes on US income?
A: For taxation purposes, normally a person can be considered to be a resident or non-resident (NRI) of India. Where as Indian residents must pay taxes on their worldwide income, NRIs on the other...
Indian-American lawmakers slam Trump's new executive order on family separation - Economic Times
Visa power: Countries ease rules to roll out red carpet for Indian tourists - Economic Times
7,000 people from India filed applications for asylum in US - Economic Times
India 'responsible' for strict student visa norms: UK - Economic Times
52 Indians held at Oregon detention centre in US - Economic Times
4th Conference on Palliative Care and Hospice Nursing
2018-08-27 To 2018-08-28
Yoga & Music Festival
Sukhava Bodhe Yoga & Music Festival 2018
2018-08-31 To 2018-09-03
Dussehra & Deepavali Celebrations
Dussehra And Deepavali Celebrations
2018-10-27 To 2018-10-27
Vivah Bridal Expo
Vivah 2018 Bridal Expo
2018-08-19 To 2018-08-19
Palliative Care Conference - Hospice Conference
Disclaimer - The content on this site is for informational purposes only.
Copyright © 2018 Videshi.com
Please login to make this action
You can save this page with current page title or you can create new page title.