If an NRI plans to return to India, for how long will he/she be considered a Non – Resident Indian? And for what time period will his income from investments not be taxed?
As per Indian Law, ‘If a person stays in India for 182 days or more during the current financial year, he/ she will be considered a Resident Indian’. However, you cannot become a Resident of India if you are an NRI. If you are returning to India after 9 or more years, you will become a RNOR and only after that can you become a resident. Your income will not be taxed as long as you are a RNOR. Once you have become a resident of India though. Your entire global income will be taxable in India.
