Ms. Laura, a foreign national, came to India purely on a long holiday and stayed for 200 days during the preceding financial year. She has no employment or business in India and no intention to stay for an uncertain period. Under section 2(v) of FEMA, she is:

Correct answer: D) A person resident outside India, because she came to India for a purpose other than employment, business or vocation, or an intention to stay for an uncertain period

Explanation

Section 2(v)(i)(B) excludes from 'person resident in India' a person who has come to or stays in India otherwise than for employment, for carrying on business or vocation, or for any other purpose indicating an intention to stay for an uncertain period. A stay for a holiday falls within this exclusion. Despite 200 days in the preceding year, she is a person resident outside India.