Video-Key Differences FEMA vs Income Tax Act for NRIs
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Key Differences: FEMA vs Income Tax Act for NRIs

● FEMA, vital for NRIs, diverges from the

Income Tax Act in determining residential

status.

● FEMA focuses on intention, allowing status

changes during the year, while Income Tax relies on actual days spent in India.

● It's crucial for NRIs to understand these

distinctions for financial and legal compliance.

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