BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Athlete
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Tourist
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Individual stayed more than 182 days in India during the preceding financial year .
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All of the above
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Detailed explanation-1: -Non Resident Indian is a person who is not a resident of India. An individual is deemed to be a resident, if (A) Individual has resided in India in that year for 182 days or more or (B) Having within the 4 years preceding that year been in India for 365 days or more and is in India for 60 days or more in that year.
Detailed explanation-2: -Read this to understand what exactly is this form and who is required to file it? The Central Board of Direct Taxes (CBDT) has recently said that non-resident Individuals (NRIs) not having Permanent Account Number (PAN) are not mandatorily required to e-file Form 10F. They can instead do it manually.
Detailed explanation-3: -NRI stands for Non-Resident Indian (NRI). An Indian Citizen who lives in a foreign country for more than one hundred and eighty-three days in a financial year for employment or business will be considered an NRI.
Detailed explanation-4: -B) Non-Resident: If a company does not satisfy any of the aforesaid conditions of residence, it is said to be a ‘non-resident’ company. In other words, if the company is not registered in India, and its control and management is situated wholly or partially outside India, it is regarded as a non-resident.