Suppose a person has/will be staying abroad from Jan 2005 to Oct 2007. Is he NRI? The person do not have any NRI/NRE account and sends his/her savings to his/her parents. Finally the person will return back to India in Oct 2007, which is the best way to Save his/her tax in India.
A. Before comming to India Send all your savings to Parents. Gift is not taxable. B. Since the person has stayed long and is NRI(not sure) so no tax even he/she carry his/her own money.
