Taxes are among the major sources of government’s revenue. There are two components of any tax structure viz, direct and indirect taxes. In India, taxes are levied on the citizens of the country or any income earned in the country. The provisions of income in India earned both by the citizens of the country or Non-Resident Indians (NRIs) are governed by the Income-tax Act, 1961. However, there is a huge difference between the income tax rules and regulations applicable to resident and non-resident Indians. Requirements for filing Income-tax Returns and various other provisions as prescribed in the Income-tax Act concerning the Non-Resident Indians (NRIs) are discussed here.
The Income-tax Act, 1961, defines a Non-Resident as the person who is not a resident. The Act defines a person to be a Resident of India if any of the following 6 conditions are fulfilled –
List of Conditions to become Resident in India on Priority Basis
Purpose during the year
Income Limit
