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Samkit Maniar  |180 Answers  |Ask -

Tax Expert - Answered on Mar 05, 2024

CA Samkit Maniar has eight years of experience in income tax, mergers and acquisitions and estate planning.
He has graduated from Mumbai’s N M College of Commerce and Economics and has completed his CA from The Institute of Chartered Accountants of India."... more
Asked by Anonymous - Feb 23, 2024Hindi
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Sir,I was an NRI for 15 years and returned back India in 2022 permanently and convereted all my NRE ,NRO savings and FD accounts to Resident accounts and NRE mutual funds account to Resident account immediately after returning. Now I have got an opportunity of a job for 10 months contract. Do I need to change again all the accounts to NRO accounts before leaving India for 10 month period?

Ans: This actually depends upon two things - (1) citizenship and (2) intention after 10 month period (ie whether you will reside in India or outside after 10 month period
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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