Planning to return to India after years of being an NRI? Know what RBI, I-T department say about your foreign deposits

Your residency status determines what tax-related privileges you enjoy.
Did you stay in India for 182 days or more in the concerned FY?
Or
Have you stayed in India for 60 days or more in the concerned FY and 365 days or more in the preceding 4 financial years?

If you answer no to this, you are a Non-Resident.
However, if you answered yes to any of these questions, the next question is, have you been a resident in India in 2 out of 10 preceding years, and stayed in India for 730 days or more in the last 7 years?

If you answer yes to this, then you are a Resident and Ordinarily Resident, as per I-T laws. If you’ve answered no to this, you will be classified as a resident but not an Ordinarily Resident.
Source- The Economic Times Wealth July 14-20, 2025