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  • Sec 6

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    Sarthak Krishna
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    An individual is considered a resident of India for tax purposes if they stay in India for at least 182 days in a fiscal year and their income from foreign sources is less than or equal to Rs. 15 lakhs. If their foreign income exceeds Rs. 15 lakhs, they need to stay in India for at least 120 days. Additionally, they will be considered a resident if they stay in India for at least 60 days in the current fiscal year and at least 365 days in the previous 4 fiscal years, and are a citizen of India not paying taxes in any other country with an annual income exceeding Rs. 15 lakhs.

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    An individual is considered a resident of India for tax purposes if they stay in India for at least 182 days in a fiscal year and their income from foreign sources is less than or equal to Rs. 15 lakhs. If their foreign income exceeds Rs. 15 lakhs, they need to stay in India for at least 120 days. Additionally, they will be considered a resident if they stay in India for at least 60 days in the current fiscal year and at least 365 days in the previous 4 fiscal years, and are a citizen of India not paying taxes in any other country with an annual income exceeding Rs. 15 lakhs.

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    12 views1 page

    Sec 6

    Uploaded by

    Sarthak Krishna
    An individual is considered a resident of India for tax purposes if they stay in India for at least 182 days in a fiscal year and their income from foreign sources is less than or equal to Rs. 15 lakhs. If their foreign income exceeds Rs. 15 lakhs, they need to stay in India for at least 120 days. Additionally, they will be considered a resident if they stay in India for at least 60 days in the current fiscal year and at least 365 days in the previous 4 fiscal years, and are a citizen of India not paying taxes in any other country with an annual income exceeding Rs. 15 lakhs.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    Resident

    Stay in india > or = 182 days if income other than


    foreign sources is less than equal to 15 lakhs

    Stay in india > or = 120 days if income other than


    foreign sources is more than 15 lakhs .

    Stay in india > or = 60 days in fy and = to 365 days in


    previous 4 years .

    Being citizen of india and is not paying taxes in any


    other country in fy and the income is more than 15
    lakhs .

    growers, producers or cultivators of agriculture, horticulture, fish and animal produce.


    purchase of the products manufactured or processed without the aid of power in a cottage
    industry.

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