Foreign Exchange Management Act is a law that Test to open in same popup regulates the inflow and outflow of foreign exchange in India. Apart from the principle Act, there are various rules, regulations, notifications, circulars etc. issued vide powers given under the Act. Oftentimes, in many cases, the person or parties to the transaction may […]

  In this write-up, I have made a attempt to summarise the various criteria adopted by key countries to determine the residential status of an individual. As you would read further, one thing that is common between all these countries and also India is that the criteria of stay of 182/183 days has been adopted […]

‘Not permanently resident in India’ (‘NPRI’) is a very unique concept in Foreign Exchange Management Act, 1999 (‘FEMA’) which is mainly used for expatriates who come to India for employment purposes. In most of the cases, their intentions are not to stay in India for a very long period of time but to exercise their […]