Mr. Ram had resided in India during the financial year 1999–2000, for less than 183 days. He again came to India on 1 May 2000 for higher studies and business and stayed up to 15 July 2001. State under the Foreign Exchange Management Act, 1999:
- If Mr. Ram can be considered ‘person resident in India’ during the financial year 2000–2001, and
- Is the citizenship relevant for determining such a status?