Description:
- : Legal Framework concerning to Non - Resident Indians : - Index Non - Resident Indians . Not Ordinarily Resident . Person of Indian Origin (PIO) . Types of NRI Accounts . General Regulatory Mechanism for Non - Resident Indians . Investment with non-repatriation benefits . Direct Investments (with repatriation benefits) . Tax Aspects . Rule of Computation . After putting into motion , the economic liberalisation in trade and investment , the Government of India has taken many measures to increase the participation of Non - Resident Indians and Overseas Corporate Bodies for greater mobilisation of foreign funds in the India & as well as in Indian Capital Markets. To attract investments from Non-Resident Indians , the Government of India has come up with investment policy favorable to the Non-Resident Indians. In this section , we proposes to present in brief avenues availables to Non - Resident Indians . Non - Resident Indians As per the Income Tax Act, 1961, an individu...