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Zerodha (Trade with the best stock broker)
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An NRI is an Indian citizen residing in a foreign country. NRIs enjoy voting rights and are required to pay and file the income tax return on their Indian income like resident Indians.
NRI is more of a technical classification for taxation purposes and investment purposes. However, in case an NRI wishes to take up foreign citizenship, he/she will have to give up Indian citizenship as the Indian constitution does not allow dual citizenship. A person cannot hold Indian as well as foreign citizenship simultaneously.
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