HANDBOOK

FOR OVERSEAS INDIANS

lR;eso t;rs

Ministry of Overseas
Indian Affairs
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 ABOUT THE MINISTRY

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 DEFINITIONS

Who is an Overseas Citizen of India (OCI)?

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BR:9

Who is a Non Resident Indian?

>*,5#'+% L% '4% 5"*% O'3*#C+% ?H,")+C*% G)+)C*-*+5% D,5;% V^^^% SO?GDT% 0*)/$% 7#5"% 6)3#'2$
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#5%0'*$%+'5%0*4#+*%5"*%5*3-%+'+Z3*$#0*+5%+'3%#5%0'*$%0*4#+*%5"*%5*3-%K'+%<*$#0*+5%:+0#)+
SK<:T9

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,#5#Q*+% '4% :+0#)% '3% #$% )% .*3$'+% '4% :+0#)+% '3#C#+9% :+% $"'35;% 5"*% 0*4#+#5#'+% '4% 5"*% 5*3-% K<:% #$
,'+5*H52)/%)+0%,)+%")6*%$/#C"5/@%0#44*3*+5%,'++'5)5#'+$%4'3%O?GD1:+,'-*%!)H1D,J2#$#5#'+
'4%:--'6)&/*%%E3'.*35@%*5,9

Who is a person resident in India?

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0)@$%023#+C%5"*%,'23$*%'4%5"*%.3*,*0#+C%4#+)+,#)/%@*)3%)+0%7"'%")$%,'-*%5'%'3%$5)@$%#+%:+0#)
*#5"*3%4'3%5)(#+C%2.%*-./'@-*+5;%,)33@#+C%'+%&2$#+*$$%'3%6',)5#'+%#+%:+0#)%'3%4'3%)+@%'5"*3
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5"*%,'+0#5#'+%'4%5"*%.*3#'0%'4%$5)@%S&*#+C%-'3*%5")+%V_L%0)@$%023#+C%5"*%,'23$*%'4%5"*%.3*,*0#+C
4#+)+,#)/%@*)3T%&25%")$%5'%,'-./@%7#5"%5"*%,'+0#5#'+%'4%.23.'$*1%#+5*+5#'+%'4%$5)@9SO'3%0*5)#/$
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Who is a Person of Indian Origin (PIO)?

1. For the purposes of availing of the facilities of opening and maintenance of

bank accounts and investments in shares/securities in India;
E*3$'+%'4%:+0#)+%B3#C#+%-*)+$%)+@%.*3$'+]

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2. For investment in immovable properties;

E*3$'+%'4%:+0#)+%B3#C#+%-*)+$%)+%#+0#6#02)/%S+'5%&*#+C%)%,#5#Q*+%'4%E)(#$5)+%'3%=)+C/)0*$"%'3
D4C")+#$5)+%'3%="25)+%'3%>3#%\)+()%'3%K*.)/%'3%R"#+)%'3%:3)+T]

)T 7"'%)5%)+@%5#-*;%"*/0%)+%:+0#)+%.)$$.'35%'3

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R'+$5#525#'+%'4%:+0#)%'3%5"*%R#5#Q*+$"#.%D,5;%V^bbSbe%'4%V^bbT

3. For the purpose of PIO card scheme;

D%4'3*#C+%,#5#Q*+%%#4%"*1$"*%)5%)+@%5#-*%"*/0%)+%:+0#)+%E)$$.'35h%'3%"*1$"*%'3%*#5"*3%'4%"#$1"*3%.)3*+5$
'3%C3)+0%.)3*+5$%'3%C3*)5%C3)+0%.)3*+5$%7)$%&'3+%#+%)+0%.*3-)+*+5/@%3*$#0*+5%#+%:+0#)%)$%0*4#+*0%#+%5"*
8'6*3+-*+5%'4%:+0#)%D,5;V^`b%'3%"#$1"*3%$.'2$*%S4'3%0*5)#/$;%$**%R").5*3%b%'+%E:B$T9

What is an Overseas Corporate Body (OCB)?

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R'3.'3)5*%='0@I%7)$%0*4#+*0%)$%)%,'-.)+@;%.)35+*3$"#.%4#3-;%$',#*5@%)+0%'5"*3%,'3.'3)5*%&'0@%7"'//@
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'6*3$*)$%532$5$%#+%7"#,"%+'5%/*$$%5")+%$#H5@%.*3,*+5%&*+*4#,#)/%#+5*3*$5%#$%"*/0%&@%K'+Z<*$#0*+5%:+0#)+$;
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CHAPTER - 1
INTRODUCTION
 INTRODUCTION

!"!#$%&'%(&)#$*#(+,(-./#&0$+$12
India: Accelerating Growth

(Simple average of rates of growth of GDP in the preceding ten years)

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 INTRODUCTION

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48 !"#"$%&'()*(+,-&$-.$(/#0".#(1**."&$
 OTHER INVESTMENT OPPORTUNITIES IN INDIA

Q2-(.:%2)&()*(%2-(%&:$%(5:$%("#0"6.%-(;"%2(&-.$)#.@3-(6-&%."#%'(%2-(*)33);"#4S

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!"#"$%&'()*(+,-&$-.$(/#0".#(1**."&$ 49
 Handbook for Overseas Indians
2) FCRA permission

Within 90 days thereafter, you will receive a registered letter from the Department either granting the
permission or stating rejection of your request.

3) Appeal against rejection

You can re-apply after ascertaining and rectifying objections on your file. You can also file an appeal in
the High Court within 60 days of the date of letter.

4) Applying again

One party can apply for prior permission more then once if needed - considering that projects are
varied and or are under different agencies.

When FCRA permission is not needed:

Prior permission from the FCRA is not required for receiving amounts in the following forms:-

(a) Salary, wages or other remuneration either to individual or payment for business purposes.

(b) Payment for international trade or for business transacted by him outside India.

(c) By way of a gift or presentation received as member of any Indian delegation.

(d) Gift not exceeding Rs. 8,000/- per annum.

Profit-oriented organisations are not covered by FCRA.

Bank Account for foreign funds

An NGO is required to open and use bank account exclusively for foreign funds under FCRA.

Income Tax Benefits on foreign funds

1. Benefits for the NGO

Incomes received by any religious or charitable trust or institution registered with the income tax
authorities, is not taxable as long as this income is applied for the objects of the organisation.

2. Benefits to Donors :

The donors are also entitled to get an exemption on their donation where exemption can be 50% or
100% depending on the category of organisations.

50 Ministry of Overseas Indian Affairs

 OTHER INVESTMENT OPPORTUNITIES IN INDIA

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96 !"#"$%&'()*(+,-&$-.$(/#0".#(1**."&$
 ANNEXURES

-= \"#43-(_&.#0 MEU Z/J_

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"#(%2-(l)#-$

!"#"$%&'()*(+,-&$-.$(/#0".#(1**."&$ 97
 34567889#:8;#$<=;>=4>#(56?45>
Annexure-III

(EEC/A'-A(%&#E(/A#$*#/&0A$'/#C+,&'#-CA$1-A(0#'$CA&
*$'#*,(#CGA$#!RRS

· !)$%(5.#:*.6%:&"#4(.6%","%"-$

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· J-%&)3-:5(J&)0:6%$(J"9-3"#-

98 !"#"$%&'()*(+,-&$-.$(/#0".#(1**."&$
 ANNEXURES

Annexure-IV

(EEC/A'-A(%&#E(/A#$*#(+*'-/A'C0AC'&#/&0A$'/#)(A3#*,(
CGA$#!RRS#C+,&'#-CA$1-A(0#'$CA&

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!"#"$%&'()*(+,-&$-.$(/#0".#(1**."&$ 99
 34567889#:8;#$<=;>=4>#(56?45>
Annexure-V

(EEC/A'-A(%&#E(/A#$*#/&'%(0&/#/&0A$'#)(A3#*,(#CGA$#!RRS

C+,&'#-CA$1-A(0#'$CA&
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· J)33:%")#(R)#%&)3(.#0(!.#.4-5-#%(\-&,"6-$

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· /#%-&#.3(?.%-&;.'$(Q&.#$9)&%(\-&,"6-$

100 !"#"$%&'()*(+,-&$-.$(/#0".#(1**."&$
 ANNEXURES

Annexure-VI

(+,C/A'(-E#E(0&+/(+P
1%(9&-$-#%("#0:$%&".3(3"6-#$-(*)&(5.#:*.6%:&"#4("$(&-g:"&-0()#3'(*)&(%2-(*)33);"#4(S

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!"#"$%&'()*(+,-&$-.$(/#0".#(1**."&$ 101
 34567889#:8;#$<=;>=4>#(56?45>
Annexure-VII

&cA'-0A/#*'$1#1-/A&'#0('0CE-'#$+#*$'&(P+
(+%&/A1&+A/#(+#(+,(-
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"55),.@3-(9&)9-&%'("#(/#0".()%2-&(%2.#(.4&"6:3%:&.3W(93.#%.%")#(W*.&5(2):$-=(k-(5.'((%&.#$*-&(.#'("55),.@3-
9&)9-&%'()%2-&(%2.#(.4&"6:3%:&.3()&(93.#%.%")#(9&)9-&%'()&(*.&5(2):$-(%)(.(9-&$)#(&-$"0-#%():%$"0-(/#0".(;2)
"$(.(6"%">-#()*(/#0".()&(%)(.(9-&$)#()*(/#0".#()&"4"#(&-$"0-#%():%$"0-(/#0".()&(.(9-&$)#(&-$"0-#%("#(/#0".(=(k-
5.'(%&.#$*-&C(.4&"6:3%:&.3(3.#0W(93.#%.%")#(9&)9-&%'W(*.&5(2):$-()#3'(%)(/#0".#(6"%">-#$(9-&5.#-#%3'(&-$"0"#4
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 ANNEXURES

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 34567889#:8;#$<=;>=4>#(56?45>
Annexure-VIII

&cA'-0A/#*'$1#A3&#1-/A&'#0('0CE-'#I#'=O?KK45M=#:4M?]?K?=>#:8;
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