● Status changes for NRIs are governed by intention, not physical presence, as per FEMA

regulations.

● Planning is essential when transitioning from

resident to non-resident or vice versa.

● Consider financial aspects like bank accounts,

investments, and tax implications.

● Pre-planning can optimize financial assets for

NRIs returning to India or becoming residents again.

● Ensure compliance with the Double Tax Avoidance Agreement (DTAA) to avoid double taxation.