https://www.taxtmi.com/circulars?id=2040 Whether Indian students studying abroad qualify as residents or non-residents under Section 2(v)(i) of FEMA depends on duration of stay during the preceding financial year and circumstances indicating an intention to remain outside India for an uncertain period; where students' stays abroad exceed the prescribed period and their activities abroad (employment, scholarships, financial independence) indicate uncertain intent to return, they can be treated as Non-Resident for foreign exchange purposes. en-us Mon, 08 Dec 2003 00:00:00 +0530 Sat, 04 Oct 2008 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2040 Whether Indian students studying abroad qualify as residents or non-residents under Section 2(v)(i) of FEMA depends on duration of stay during the preceding financial year and circumstances indicating an intention to remain outside India for an uncertain period; where students' stays abroad exceed the prescribed period and their activities abroad (employment, scholarships, financial independence) indicate uncertain intent to return, they can be treated as Non-Resident for foreign exchange purposes. Circulars FEMA Mon, 08 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2040