Investment in India by NRI- FAQs

• November 15, 2019
• CA Chandan Agarwal's Office

Q.1 Who is a non-resident Indian (NRI)?

Ans: An Indian residing abroad is generally known as Non-Resident Indian (NRI). NRI is defined under the Foreign Exchange Management Act, 1999 (FEMA) and the Income Tax Act, 1961 and for the purpose of the respective laws.

NRI as per FEMA-

Read more on: https://taxguru.in/rbi/investment-india-nri-faqs.html