PROI, NRI or OCI? How your residential status can change your tax liability, property rights and investment options in India - PROI explained: What living abroad means for your money in India

If you live abroad, you're likely classified as a Person Resident Outside India (PROI). But did you know your status is defined differently under two separate laws? FEMA governs your foreign exchange transactions, while the Income Tax Act determines what you owe in taxes. Understanding both can save you money and legal trouble. PROI explained: What living abroad means for your money in India