rohith
asked over 3 years ago
Hi Can I know, How will you decide the residential status of an individual?
narahari
answered over 3 years ago
Under Section 6(1), an individual is said to be resident in India in any previous year if he satisfies any one of the following basic conditions: He is in India in the previous year for a period of at least 182 days
narahari
answered over 3 years ago
He is in India for a period of at least 60 days during the relevant previous year and at least 365 days during the four years preceding that previous year.
veeru
answered over 3 years ago
Under Section 6(1), an individual is said to be resident in India in any previous year if he satisfies any one of the following basic conditions: He is in India in the previous year for a period of at least 182 days or, He is in India for a period of at least 60 days during the relevant previous year and at least 365 days during the four years preceding that previous year.
CA Sandeep Bohra
answered over 3 years ago
> The residential status of an individual --That As per the provisions of Income Tax Act residential status of an individual is categorized as Resident and Non Resident. --**Under Section 6(1), an individual is said to be resident in India in any previous year if he satisfies any one of the following basic conditions:** --He is in India in the previous year for a period of at least 182 days or, --He is in India for a period of at least 60 days during the relevant previous year and at least 365 days during the four years preceding that previous year. --The above provisions are applicable only to those who are residents of India irrespective of their nationality otherwise they are included in Non resident.
ARJUN PRATAP SINGH
answered over 3 years ago
Dear Friend, as far as your query is concerned that How will you decide the residential status of an individual? Let me informed that As per the provisions of Income Tax Act residential status of an individual is categorized as Resident and Non Resident. Under Section 6(1), an individual is said to be resident in India in any previous year if he satisfies any one of the following basic conditions: He is in India in the previous year for a period of at least 182 days or, He is in India for a period of at least 60 days during the relevant previous year and at least 365 days during the four years preceding that previous year. The above provisions are applicable only to those who are residents of India irrespective of their nationality otherwise they are included in Non resident. Hope answer was helpful to you Regards, Arjun Pratap Singh
