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    Residential Status

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    george5856
    This document outlines the residency status rules for individuals, HUFs, companies, and other entities in India for tax purposes. It states that an ordinarily resident individual is one whose control and management is wholly or partly in India and satisfies at least one basic condition and one or none additional conditions. A non-resident is one whose control and management is wholly outside India or satisfies none of the basic conditions. It also notes that Indian income is always taxable for residents and non-residents.

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    Residential Status

    Uploaded by

    george5856
    6 views1 page
    This document outlines the residency status rules for individuals, HUFs, companies, and other entities in India for tax purposes. It states that an ordinarily resident individual is one whose control and management is wholly or partly in India and satisfies at least one basic condition and one or none additional conditions. A non-resident is one whose control and management is wholly outside India or satisfies none of the basic conditions. It also notes that Indian income is always taxable for residents and non-residents.

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    This document outlines the residency status rules for individuals, HUFs, companies, and other entities in India for tax purposes. It states that an ordinarily resident individual is one whose control and management is wholly or partly in India and satisfies at least one basic condition and one or none additional conditions. A non-resident is one whose control and management is wholly outside India or satisfies none of the basic conditions. It also notes that Indian income is always taxable for residents and non-residents.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    6 views1 page

    Residential Status

    Uploaded by

    george5856
    This document outlines the residency status rules for individuals, HUFs, companies, and other entities in India for tax purposes. It states that an ordinarily resident individual is one whose control and management is wholly or partly in India and satisfies at least one basic condition and one or none additional conditions. A non-resident is one whose control and management is wholly outside India or satisfies none of the basic conditions. It also notes that Indian income is always taxable for residents and non-residents.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
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    Download as docx, pdf, or txt
    of 1

    RESIDENT

    ORDINARILY RESIDENT NOT-ORDINARILY RESIDENT Business is controlled wholly or partly from India & one or none additional condition satisfied. If satisfied at least one basic condition & one or none additional condition. If satisfied only FIRST Basic condition & one or none additional condition. If satisfied only FIRST Basic condition & one or none additional condition.

    NON-RESIDENT

    HUF
    Individual
    Indian citizen or a person who leaves India for employment or a crew member. Indian citizen or a person who comes to India from a Indian origin Association of person, Firm, Partnership Firm.

    If Business is controlled wholly or Partly from India & Both additional condition satisfied. If satisfied at least one Basic condition and both Additional condition. If Satisfied only first Basic condition & both additional condition. If Satisfied only first Basic condition & both additional condition.

    If business is fully controlled from outside India if Satisfied none of basic condition

    If not satisfied any of Basic condition. If not satisfied any of Basic condition. If control and management wholly outside India NA

    IF control and management wholly or Partly from India Indian company is always resident in all cases

    Company
    Every Other Person

    If control and management Partly Foreign company- if control and management wholly from India or wholly outside from India. India. IF control and management wholly or Partly from India If control and management wholly outside India

    NOTE 1. INDIAN INCOME- If received in India, Deemed to be received in India, Accrues, Arise or Deemed to be Accrues or Arise in India. If received outside India but Accrues or Arise in India. 2. Indian income is always taxable in all cases (OR, NOR and NRI) 3. These can be only Resident or Non Resident:a. Association of Person, Firm, Partnership Firm. b. Company c. Every Other Person.

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