Explained: How non-resident status is determined under FEMA regulations | Mint
Source: Live Mint For non-residents, two sets of legal frameworks apply to them. The first legal framework is provided under the Income Tax Act of 1961, which deals with taxing Non-Residents’ income. The other legal framework is provided under the FEMA (Foreign Exchange Management Act) 1999, which deals with investment avenues available to non-residents and…