As per rules, you are only considered as an NRI if you stay in India for less than 6 months at a given time.

But you can have Indian resident account and Canadian resident account and transfer money in between the two as you like it.

Consult a tax professional to see how it can work for you.

Senior citizens can also trade as Gold mules to get extra money.Once you have a Canadian passport, no one can touch you (unless you are brining it too much Gold).

Murali

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I am a Gents and not a Ladies.

I guess it is not possible to fly under radar since your passport will have entry and exit stamps. But it sounds bad that one could not live longer than 6 months and be able to keep NRE accounts. Once you are forced to convert your stash into local account, you are out of luck as far as converting back into forex in case you intend to move everything back to West. This simply means do not move large amounts unless you are prepared for a one-way trip to India; and then some moron may retract currency bills locking you nice and good, in irons invisible, oh boy what a hell!!! They are still in mayhem about the new and old currency bills. They should have known the difficulties in implementing (more than 250 billion in those banned bills!).

I was reading somewhere that they already have counterfeit 2000 Rs bills in circulation. I took a 24k Rs loss due to this currency problem. Trying to find anyone who might travel there but no luck yet.

Is it true most MPs there are two bit crooks that probably can't even read the written word?