Who are a NRI / PIO?
smartlawyer
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smartlawyer
Ongoing, First published Nov 19, 2016
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Who can be an NRI?
An Indian citizen residing outside India for a combined total of at least 183 days in a financial year.
What are the benefits of being a NRI?
•	You can get special bank accounts from Indian banks.
•	You can continue to own land and property in India.
•	Your earnings outside India are not taxed by the Indian government, provided you have paid taxes in the nation you reside in. Local earnings in India (interest, rental income) are still taxed.
•	There is a special quota of seats in Indian universities reserved for NRIs.
•	You can still vote, but you have to be in India to do it.
What are the drawbacks?
•	You may need permission to take out money invested in India.
•	You may not purchase agricultural land or farm houses.
•	You may not hold a government job.
•	You may not be elected to a political position.
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