Question to Aryabhatta
If you are an NRI meaning for tax purposes you are not a "resident of India" then the question of overseas traded income legality does not come in to Picture.
You may make this profit doing anything (legal) around the world!
how can one be NRI and Resident of India at the same time? .
Once you loose NRI status can you then certain financial products around the world is for Indian experts to answer
By the way lets not Confuse NRI status with citizenship
Indian Citizen who have given up Indian citizen is no Longer a NRI
Except if he/ she then takes up OCI/ PIO thne he/s he ( for investment purposes) gets same writes as NRI
If you are an NRI meaning for tax purposes you are not a "resident of India" then the question of overseas traded income legality does not come in to Picture.
You may make this profit doing anything (legal) around the world!
how can one be NRI and Resident of India at the same time? .
Once you loose NRI status can you then certain financial products around the world is for Indian experts to answer
By the way lets not Confuse NRI status with citizenship
Indian Citizen who have given up Indian citizen is no Longer a NRI
Except if he/ she then takes up OCI/ PIO thne he/s he ( for investment purposes) gets same writes as NRI
