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    Residential Status Fib

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    Sarvar Pathan
    The document discusses various rules for determining Indian tax residency status. It states that an individual is considered of Indian origin if their parents or grandparents were born in undivided India. It also notes that income from a business controlled from India is taxable for residents and non-ordinarily residents. Additionally, it provides that an individual who visited India for 330 days in the previous year and 759 days in the last 4 years would be considered a non-resident for tax purposes. Finally, it mentions that Section 5 and Section 6 of the Income Tax Act define the scope of income and residential status, respectively.

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    Residential Status Fib

    Uploaded by

    Sarvar Pathan
    27 views1 page
    The document discusses various rules for determining Indian tax residency status. It states that an individual is considered of Indian origin if their parents or grandparents were born in undivided India. It also notes that income from a business controlled from India is taxable for residents and non-ordinarily residents. Additionally, it provides that an individual who visited India for 330 days in the previous year and 759 days in the last 4 years would be considered a non-resident for tax purposes. Finally, it mentions that Section 5 and Section 6 of the Income Tax Act define the scope of income and residential status, respectively.

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    Residential status fib

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    The document discusses various rules for determining Indian tax residency status. It states that an individual is considered of Indian origin if their parents or grandparents were born in undivided India. It also notes that income from a business controlled from India is taxable for residents and non-ordinarily residents. Additionally, it provides that an individual who visited India for 330 days in the previous year and 759 days in the last 4 years would be considered a non-resident for tax purposes. Finally, it mentions that Section 5 and Section 6 of the Income Tax Act define the scope of income and residential status, respectively.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    27 views1 page

    Residential Status Fib

    Uploaded by

    Sarvar Pathan
    The document discusses various rules for determining Indian tax residency status. It states that an individual is considered of Indian origin if their parents or grandparents were born in undivided India. It also notes that income from a business controlled from India is taxable for residents and non-ordinarily residents. Additionally, it provides that an individual who visited India for 330 days in the previous year and 759 days in the last 4 years would be considered a non-resident for tax purposes. Finally, it mentions that Section 5 and Section 6 of the Income Tax Act define the scope of income and residential status, respectively.

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

    ​FILL IN THE BLANKS

    1. An individual shall be deemed to be of Indian origin if he or any of his ________or


    ________were born in undivided India.

    2. Income which accrues or arise outside India from a business controlled from India is
    taxable in case of______ and _____.

    3. M, a person of Indian origin visited India on 11-11-2015 and plans to stay here for 330
    days. During 4 years prior to previous year 2015-16, he was in India for 759 days. Earlier
    to that he was never in India. For assessment year 2016-17, M shall be ________.

    4. Section ______ of the Income-tax Act defines the scope of income.

    5. Section ______ of the Income-tax Act defines the residential status of a person.

    Answer
    1. Parents; Grandparents
    2. Residents; Not ordinarily
    3. Non-resident
    4. (5)
    5. (6)

    Tripathi Online Educare


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