What do you mean by Person Resident in India?

i. a person residing in India for more than one hundred and eighty-two days during the course of the preceding Financial year but does not include :-(a) a person who has gone out of India or who stays outside India,

i. For or on taking up employment outside India, or

ii. For carrying on outside India a business or vocation outside India, or

iii. For any other purpose, in such circumstances as would indicate his intention to stay outside India for an uncertain period;

a. A person who has come to or stays in India, otherwise than

i. For or on taking up employment in India, or

ii. For carrying on in India a business or vocation in

India, or iii. For any other purpose, in such circumstances as would

indicate his intention to stay in India for an uncertain

period;

i. Any person or body corporate registered or incorporated in India,

ii. An office, branch or agency in India owned or controlled by a person resident outside India,

iii. An office, branch or agency outside India owned or controlled by a person resident in India.

“Repatriate to India” means bringing into India the realized foreign exchange and

i. The selling of such foreign exchange to an authorized person in India in exchange for rupees, or

ii. The holding of realized amount in an account with an authorized person in India to the extent notified by the Reserve Bank, and includes use of the realized amount for discharge of a debt or liability denominated in foreign exchange and the expression “repatriation” shall be construed accordingly: