What Does NRI Mean? Understanding Indian Nationality for Non-Residents
Discover what NRI means and the nationality status of Indian citizens living abroad. Find out the legal implications and taxation differences.
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NRI (Non-Resident Indian) is a term used for Indian citizens who reside outside India for work, education, or other reasons. NRI status does not change an individual's nationality; they remain Indian citizens but live abroad. This distinction is important for tax and legal purposes, as NRIs are subject to different rules compared to residents.
FAQs & Answers
- What is the difference between NRI and OCI? NRI stands for Non-Resident Indian, while OCI refers to Overseas Citizen of India, a specific status granted to foreign citizens of Indian origin.
- Do NRIs have the same rights as Indian citizens? Yes, NRIs retain their Indian citizenship but may face different legal and tax regulations while living abroad.
- What are the tax implications for NRIs? NRIs may be subject to different tax laws compared to resident Indians, including provisions for income earned outside India.