Who is Person Resident in India & Person Resident Outside India as per FEMA, 1999 ? II FEMA Laws II

[@rahulpathak9649]

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[@EducationSoSimple]

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[@canehaagrawal329]

Sir i have doubt?? Wo aara india 5:11 jo ap bolre hai ...toh konse year ka dekhna hai uske aane ka india me - preceeding ka ya current ka??

[@EducationSoSimple]

Preceding year 182 days stay in India- normal case for considering PRII In case gone outside India for 3 mentioned purpose -PROI (no. Of days not relevant) In case come to India for 3 purpose-PRII (no. Of days not relevant)

[@canehaagrawal329]

Suppose X came india 03-09-2019 for vocation then 19-20 me he stayed in india more than 182 days but leaves on 12/03/21 to cary out his normal budienss projcts in london..then what is his residential status in 20-21 ???

[@EducationSoSimple]

For fema residential status considered from particular date. Since come into India for vocation (fall under exception) considered as PRII from 03-09-2019 to 12/03/2021. Leave India for employment purpose from 12/03/2021.considered PROI from 12/03 onwards.

[@canehaagrawal329]

@@EducationSoSimple but sir in ca final there is que in which residential status asked for the year i.e in this que they askd residential status for 19-20 and answer is PROI 20-21 PRi 21-22 PROI..

[@EducationSoSimple]

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