[www.keralites.net] NRI criteria in budget 2012-2013

 

Dear Experts!

I heard that the Criteria for NRI status has been changed in this budget for financial years 2012-2013.

Earlier if somebody staying outside India for 183 days or more will be considered as NRI and hence will be

exempted from Income Tax, but in this budget If somebody staying outside india for 305 days or more will 

only be considered as NRI. That is if we want Income Tax exemption, we can not stay more than 60 days.

Please reply with reliable source of information.

 

 

Regards;
ASIF
+971-50-9198730

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