Consider the following statements regarding "Determination of residential status":
1. A citizen of India would be deemed to be a resident of India in any financial year, if such individual is not liable to tax in any other country.
2. An Indian Citizen or Person of Indian Origin, who being outside India, comes on a visit to India in any financial year, would be considered as a resident in India, if such individual stays in India for 182 days or more.
Which of the statements given above is/are correct?