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| NRI
Section of RBI |
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An Indian citizen who stays abroad for employment
or carries out a 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.
organizations and officials deputed abroad by
Central/ State Government and Public Sector Undertakings
on temporary assignments are also treated as non-residents).
Non-resident foreign citizens of Indian origin
are treated on par with non-resident Indian citizens.
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For
investment in immovable properties: |
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A
foreign citizen (other than a citizen of Pakistan,
Bangladesh, Afghanistan, Bhutan, Sri Lanka or
Nepal) is deemed to be of Indian origin |
•
He
held an Indian passport at any time. |
•
He
or his father or paternal grandfather was a citizen
of India by virtue of the Constitution of India
or the Citizenship Act, 1955 (57 of 1955). |
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