Over 85K Indians apply for the visa of the US. This number of visa applicants is increasing year after year.
The taxation rules for Indians living in the USA are applicable as per the residency status. Like goers, there are non-residents of India, including OCI card holders & PIOs who return temporarily or permanently.
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Indian government has restored suspended OCI benefits for Indian-Americans to enjoy visa free traveling across India.
Uplifted Ban on Visa Free Travel for OCIs
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Nostalgia catches several expats. They magnetize towards their home, people, culture, and kith & kin. Eventually, they return to their home town.
A person gave up his US residency three decades ago. But later on, he wanted to make a comeback. It was possible but he has to go through the entire procedure of getting a green card from scratch. However, his old card had no expiry date. But since three decades passed while leaving the USA, it was cancelled.
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It’s really interesting to know that around 30+ million Indians live abroad. Out of them, 17,835,407 expats are PIOs whereas 13,008,012 form non-residents’ diaspora, according to the Ministry of External Affairs.
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The year 2016 was full of upheavals. India announced surgical attack on corruption. The sudden announcement of banning currency notes of 500 and 1000 felt no ground under the feet of every Indian. These denominations configured 86% of the liquid asset in this economy. But this declamation on 8th November, 2016 ceased its liquidity. NRIs, PIOs and OCIs are no exceptions. They too fell under this grid.
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Merger of PIO card to OCI
The bulletin of merging Person of Indian Origin (PIO) card in OCI card created chaos in Indian community abroad in 2014. Non-residents were stricken with fear. Actually, the then prime minister of India Narendra Modi announced this merger. It was a shocking moment for the emigrants’ community since the PIO card was the only licence to battle the difficulties during visits to India.
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OCI Card
Immigration is a complex process. A lot of hassles barricade an individual while shifting. Like other countries, Indian government has empowered foreigners, Person of Indian Origin and non-residents’ diaspora with hurdle-free traveling through OCI (Overseas Citizen of India) card.
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