Relates to:
NRIs , Non Resident Indians...
About http://www.allbankingsolutions.com/nri.htm:
NRI Non Resident Indians - Facilities, Deposit Schemes,FEMA, IncomeTax...
Description:
FEMA FERA Foreign Exchange Management Act 1999 Authorised Dealers Deposits by NRI Non resident Indians Rules Regulations Notifications Di NON RESIDENT INDIANS (NRIs) maxlength=255 value=> Web www.allbankingsolutions.com Features of the Deposit Schemes for NRIs Facilities for NRIs - FAQs for NRIs Link to Welcome-nri.com Non Resident Indian in a layman's language means an Indian who stays abroad. However, as per law it is quite confusing as different Acts give different definitions for the same. Two definitions most popularly used are : (1) NRI under Foreign Exchange Management Act 1999 (FEMA) (2) NRI under Indian Income Tax Act, 1961 Non Resident Indians under FEMA :- An Indian Citizen who stays abroad for (a) employment/ carrying on business or (b) vacation outside India or (c) stays abroad under circumstances indicating an intention for an uncertain duration of stay abroad is a non-resident. Persons posted in U.N. organizations and officials deputed abroad by Cen...