r2i forum

Will a foriegn national resident in India also have to pay tax on assets abroad (for e.g., rental income from property abroad and later perhaps capital gains/wealth if that property is sold)? Will a OCI resident in India be treated as an "India resident foriegn citizen" or NRI (Home Ministry website ...

thanks makingtrble. Your link clarifies who is considered a resident etc. But what's not clear is if a OCI will be on par with NRI even if the OCI is resident as per the definition in your link. I think the OCI definition came about later to the "resident" definition. Also, is a non-Indian citizen ...

[dbs--QUOTE My advice will be to use some one else's thinking as well. Consult a knowledgable CA. QUOTE] Want to check out some one else's thinking hence the post. Have to consult a CA. But a OCI has [LEFT]"Parity with Non resident Indians (NRIs) in respect of economic,[/LEFT] financial...", as per ...

My take on it-- ROR and RNOR applies only to Indian citizens. When an Indian citizen spends time abroad, he is a NRI, comes back after 9 years he is a RNOR and so on. A non-Indian national with OCI will have the status of a NRI (there are no qualifying clauses mentioned on the ministry website with ...