OCI (Overseas Citizen of India)
OCIs (Overseas Citizen of India) are non-Indian citizens who have a lifetime visa to live and work in India with fewer …
Read MorePIO (Person of Indian Origin)
A Person of Indian Origin (PIO) is a person who holds a foreign passport (except in the -referred countries like …
Read MoreNRI (Non-Resident Indian)
NRI means a person resident outside India who is a citizen of India or is a person of Indian origin.
Read MoreFEMA or Foreign Exchange Management Act
FEMA is the law, rules and regulations for dealing with foreign currencies in India. It is a consolidation of laws …
Read MoreBusiness Connection
Business connection is a criterion for determining the tax liability of a non-resident. Business connection means a relation between a …
Read MoreForeign Company
Foreign Company means a company registered outside India in any other foreign country. The Foreign Company may be treated as Domestic …
Read MoreIndian Company
A company is said to be a resident in India in any previous year, if it is an Indian company …
Read MoreResident Indian (residential status of individual)
Residential status of an assessee is to be determined in respect of each previous year as it may vary from …
Read MoreResidential status in India
In India, the residential status of (an individual) is determined on the basis of the individual’s total physical stay in …
Read MoreDebt flow and non-debt flows
A debt flow is a type of foreign capital where there is obligation for the residents to repay it. A …
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