3 min read.Updated: 17 Aug 2021, 06:30 AM ISTSonu Iyer
The rules to determine residential status under the exchange control law is different from that under the income tax law
I got US citizenship in February and have been staying in India since 15 April. I have received an overseas citizenship of India (OCI) card. What will be my status for bank accounts and income tax purposes? I am a retired senior citizen from India, and have only interest income in India.