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What are the different classes of residential status prescribed under the Income-tax Law for a HUF?​

Open uri20170510 32134 59004f?1494421790 asked

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Picsjoin 2017224123730582 answered

Hie Anshul, For the purpose of Income-tax Law, a HUF can have any one of the following residential status: (1) Resident and ordinarily resident in India (2) Resident but not ordinarily resident in India (3) Non-resident Every year the residential status of the taxpayer is to be determined by applying the provisions of the Income-tax Law designed in this regard (discussed later) and, hence, it may so happen that in one year the HUF would be a resident and ordinarily resident and in the next year it may become non-resident or resident but not ordinarily resident and again in the next year its status may change or may remain same

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

> Different classes of residential status prescribed under the Income-tax Law for a Hindu Undivided Family (HUF) For the purpose of Income-tax Law, an HUF may have any one of the following residential status: (1) Resident and ordinarily resident in India (2) Resident but not ordinarily resident in India (3) Non-resident Every year the residential status of the taxpayer is to be determined by applying the provisions of the Income-tax Law designed in this regard (discussed later) and, hence, it may so happen that in one year the HUF would be a resident and ordinarily resident and in the next year it may become non-resident or resident but not ordinarily resident and again in the next year its status may change or may remain same.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

hie For the purpose of Income-tax Law, a HUF can have any one of the following residential status: (1) Resident and ordinarily resident in India (2) Resident but not ordinarily resident in India (3) Non-resident Every year the residential status of the taxpayer is to be determined by applying the provisions of the Income-tax Law designed in this regard (discussed later) and, hence, it may so happen that in one year the HUF would be a resident and ordinarily resident and in the next year it may become non-resident or resident but not ordinarily resident and again in the next year its status may change or may remain same.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

For the purpose of Income-tax Law, a HUF can have any one of the following residential status: (1) Resident and ordinarily resident in India (2) Resident but not ordinarily resident in India (3) Non-resident Every year the residential status of the taxpayer is to be determined by applying the provisions of the Income-tax Law designed in this regard (discussed later) and, hence, it may so happen that in one year the HUF would be a resident and ordinarily resident and in the next year it may become non-resident or resident but not ordinarily resident and again in the next year its status may change or may remain same.

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