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FEMA 1999 Section 2 (v) defines who is a 'person resident in India'. While defining the resident status of a person, the definition excludes certain categories of individuals. Following category of persons will be treated as 'Non-Resident Indians' (NRI).
If a person goes outside India for employment or on taking up employment irrespective of the period of stay outside India his status will be Non Resident Indian (NRI).
a. Persons of India Origin (PIO).
FEMA Notification 5 Regulation 2 para (xii) defines Persons of Indian Origin (PIO) as follows:
'Person of Indian Origin' means a citizen of any country other than Bangladesh or Pakistan, if
b. Students who have gone abroad for studies:
Students who go abroad for higher studies irrespective of the period will be treated as Non Resident Indians.