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RULES FOR DETERMINING THE RESIDENTIAL STATUS OF AN INDIVIDUAL

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

An individual besides satisfying any of the basic conditions, satisfies both additional conditions he is considered as ordinarily resident. II.Resident (not ordinarily) An individual satisfying any of the basic condition without satisfying additional conditions are considered as not ordinarily resident.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

I.Resident (ordinarily) An individual besides satisfying any of the basic conditions, satisfies both additional conditions he is considered as ordinarily resident. II.Resident (not ordinarily) An individual satisfying any of the basic condition without satisfying additional conditions are considered as not ordinarily resident. III.Non resident Individual not satisfying basic conditions are treated as nonresident.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

RULES FOR DETERMINING THE RESIDENTIAL STATUS OF INDIVIDUAL An individual is said to be resident in india if he satisfies any one of the following two conditions. Condition 1-- He is in india for a period of 182 days or more in the relevant previous year Condition 2-- He is in india for 60 days or more during the relevant previous year and has been in india for 365 days or more during four previous years immediately preceeding therelevant previous year. Exception ; the period of 60 days replace by 182 days for the following An indian citizen who leaves india during the previous year for the purpose of employment outside india An indian citizen who leaves india during the previous year as a member of the crew of an indian ship Indian citizen or a person of indian origin who comes on a visit to india during the previous year. Thanks

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Residential status of an individual for income tax purpose is determined on the basis of number of days he stayed in India .Income tax Act doesn’t prescribe continuous staying in India. For income tax purpose residential status of an assessee is classified into; I. Resident (ordinarily) II. Resident (not ordinarily) III. Non resident I.Resident (ordinarily) An individual besides satisfying any of the basic conditions, satisfies both additional conditions he is considered as ordinarily resident. II.Resident (not ordinarily) An individual satisfying any of the basic condition without satisfying additional conditions are considered as not ordinarily resident. III.Non resident Individual not satisfying basic conditions are treated as nonresident. Basic conditions He is in India for at least 182 days in the previous year, or He is India for at least 365 days preceding the relevant previous year and is in India at least 60 days during the previous year Additional conditions He was in India for at least 730 days during the seven years preceding the relevant previous year, and He was a resident for two out of ten previous years preceding the relevant previous year.

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Open uri20170510 32134 tcchcu?1494421832 answered

Hiii friend.... Conditions to determine residential status of Individual Thanks & Regards,

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Data?1494421738 answered
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santhosh commented over 2 years ago

we also know this site... But thanks for your advice

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