NRI and Global · Intermediate
NRI residency and tax basics
Who counts as an NRI, how residential status is decided, what India taxes, and how treaties and returns work.
What is inside
5 short lessons. Each ends with a quiz, so you know what you have learnt.
The essentials
- Who is an NRI
- What India taxes
- Treaties and double tax
- Returns and refunds
- Staying compliant
Key ideas you will take away
- FEMA and tax law use different tests.
- Days in India drive tax status.
- Non-residents pay tax on India income.
- NRE interest is generally exempt.
- Treaties divide taxing rights.
- A residency certificate unlocks benefits.
Try a question
Q1. Which statement best describes “NRI under FEMA”?
- This is a tax status where mainly income from India, plus some foreign income linked to India, is taxed.
- This is decided each year by counting days spent in India, and it decides whether global income is taxed in India.
- This is a person of Indian origin or citizenship who lives outside India for work, business, study or another purpose of uncertain duration.
- This is a foreign citizen of Indian origin who holds a lifelong Overseas Citizen of India card, and is treated like an NRI for many banking and investment rules.
Show the answer
C. NRI under FEMA: NRI under FEMA is a person of Indian origin or citizenship who lives outside India for work, business, study or another purpose of uncertain duration.
Q2. Which statement best describes “Global income”?
- This is income earned anywhere in the world, and residents are taxed on it in India.
- This means interest on an NRE account is generally free of Indian tax while the holder remains a non-resident.
- This is tax deducted at source on payments to NRIs, often at higher rates than for residents.
- This is income earned or received in India, such as rent, capital gains on Indian assets and NRO interest, and it is taxable for non-residents.
Show the answer
A. Global income: Global income is income earned anywhere in the world, and residents are taxed on it in India.
Frequently asked questions
Is the NRI residency and tax basics course free?
Yes. Lessons, quizzes and practice are free. Sign in once with your mobile number or Google to start.
Who is the NRI residency and tax basics course for?
It is a intermediate-level course with 5 short lessons, written in plain language for beginners and for people who advise others on money.
Can I learn this in Hindi or Gujarati?
The app screens switch between English, Hindi and Gujarati at any time, and many quiz questions have translations. Lesson text is in English for now.
Do I get a certificate?
Yes. Pass the course exams to earn a certificate that anyone can verify online.
Is this investment advice?
No. It is education only. Speak to a qualified adviser before you act on your own money.
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UpperCrust Academy is independent study material from UpperCrust Wealth. It is not affiliated with NISM, SEBI or AMFI. For education only. Not investment advice. Always confirm the latest syllabus and rules on the official NISM website.