NRI CORNER

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THE RISE IN YOUR CURRENCY IS THE RISE OF AN OPPORTUNITY

Your currency is stronger than ever. It’s the right time to invest in a property, and what better choice than The Wadhwa Group. Because we are known for delivering on our promise. So you get a luxurious home, with a host of amazing amenities and a lifestyle that you deserve. Invest now.

FREQUENTLY ASKED QUESTIONS

Q. WHO IS AN NRI?

A person residing outside India who is a citizen of India or a person outside India who is of Indian origin is an NRI. The definition of Person resident outside India is defined under section 2(w) of Foreign Exchange Management Act, 1999 as “a person who is not resident in India”

A person shall be deemed to be a person not resident in India in the following cases:

  • When the person stays in India for less than or up to 182 days during the preceding financial year
  • When a person who has gone out of India or who stays outside India, in either case:

For or on taking up employment outside India,

OR

For carrying on outside India a business or vocation outside India,

OR

For any other purpose, in such circumstances as would indicate his intention to stay outside India for an uncertain period