3 min read.Updated: 14 Mar 2022, 11:12 PM ISTSonu Iyer
The rules for the determination of residential status under the exchange control law are different from those under the Income-tax law
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I got US citizenship in November 2021 but have been staying in India since 15 January. I have received an Overseas Citizen of India (OCI) card. What will be my status for bank account and income tax (I-T) purposes? I am a retired senior citizen from India and have only interest income in India.