Here’s a checklist for individuals moving overseas
Are you planning to move overseas soon? If so, you should complete certain financial tasks before you become a non-resident Indian (NRI). First, let’s understand the difference between a resident individual and NRI. An individual is deemed to be a resident if (a) the person has resided in India in that financial year for 182 days or more; or (b) has been in India within the four years preceding that year for 365 days or more and been in India for 60 days or more in that year.