Overseas Indians float local trusts to escape RNOR tag

The status of an RNOR lies in between that of a non-resident Indian who stays more than 181 days in the country and a regular resident Indian. Under the new law, a non-resident visiting India and spending more than 120 days (<182 days) is treated as RNOR if the person's income from assets in India is ₹15 lakh or more.

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