Question

Explain the concept of Normal Residents. who are not included under the category of Normal residents.
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Answer 1

Answer:

Normal resident is said to be one who ordinarily resides in the country concerned and ... Normal residents include: ... resides and whose center of economic interest lies within that country.

Answer 2

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Normal residents :

Normal resident is said to be one who ordinarily resides in the country concerned and whose center of economic interest lies in that country. A person is said to have his economic interest in a country when he conducts his economic transactions in that country on a significant scale.

More information :

Following are not included under the category of Normal residents: 1. Foreign tourists and visitors who visit a country for recreation, holidays, medical treatment, study, sports, conferences, etc.

Normal residents of India include (i) Citizens (and institutions) of India, (ii) Citizens of other countries (i.e., non-citizens) who normally reside in India for more than a year and whose centre of economic interest lies in India, (iii) Citizens of India working in (a) international bodies like I.M.F., (b) foreign ...

Normal resident is said to be one who ordinarily resides in the country concerned and whose center of economic interest lies in that country. A person is said to have his economic interest in a country when he conducts his economic transactions in that country on a significant scale.

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