Basic conditions to identify Residential status


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Residential status

An aseesee can be classified under the following three residential statuses under income tax act.

  1.  Resident and ordinary resident (R and OR)
  2.  Resident but not ordinary resident (R but NOR)
  3.  Nonresident (NR)

 

Basic conditions on which the residential status of an Assessee can be determine

When an individual will be considered as a resident of India if he satisfies the basic conditions under section 6(1)

1)    An individual should be in India during the current previous year for 182 days or more

                                                                                                        OR 

2)    An individual should be in India for 365 days or more during the 4 preceding previous year

                                                                                                    AND

He should be in India for 60days or more in current previous year.

 

                                                                                 Exceptions to an individuals

  1. An Indian citizen or of Indian origin who lives abroad and comes to India on a visit
  2. An Indian citizen who leaves India for employment opportunity outside India

For these individuals only the 1st basic condition of section 6(1) should be checked

 


When a resident will be considered as ordinary resident of India

Resident will be considered as a ordinary resident of India if satisfied the condition under section 6(6)

  1. He should be a resident of India in 2 out of 10 preceding previous year

                                                                                                      AND

 2. He should be in India for 730 days or more during the 7 preceding previous year

The person who not follows these conditions called as non resident 

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yats de bats

Have u ever felt stuck in Life, confused, hesitant..?...Ever felt like nothing is in your hands..?...Ever felt like you want so much more but just didn't know which way to turn...?...Even felt scared that u may Never find true love...?....and all those times when you just couldn't decide if u deserved Happiness or not...? Music is a confession box. And now that I'm here - you can rest assured there's not some nameless, faceless Preacher voice behind the screen. It's just Me, an average guy like you - who has sinned the same sins - gulped down the same fears, withstood the relentless drill of Time My Music is a direction, a deliberate purpose - to show you, that it CAN be done. And WILL be done till my last breath. Don't make the same mistakes that I made. Make ur own mistakes. My songs are a blueprint to tell u exactly that. Tell me what you liked about them, and what you did not. Tell me what u hoped for, and what you got, and what left you wishing you had more of. I shall craft a Monument out of our feelings, our needs of the Soul - and my gift of expression shall present to you ALL that u ever expected from music but till now, never quite knew where to look for. I craft my Songs to express - not to impress. So - Pretence, showing off, self-obsession - If that's the kinda 'Big Bang' impact a Rapper should have - then thanks, but no thanks - I'm fine and I'd rather not follow the same old path that such Rappers generally tread. Drift away - Weary Seeker...We were all Destiny's Children, We know Not what We Seek.......

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yats de bats

Have u ever felt stuck in Life, confused, hesitant..?...Ever felt like nothing is in your hands..?...Ever felt like you want so much more but just didn't know which way to turn...?...Even felt scared that u may Never find true love...?....and all those times when you just couldn't decide if u deserved Happiness or not...? Music is a confession box. And now that I'm here - you can rest assured there's not some nameless, faceless Preacher voice behind the screen. It's just Me, an average guy like you - who has sinned the same sins - gulped down the same fears, withstood the relentless drill of Time My Music is a direction, a deliberate purpose - to show you, that it CAN be done. And WILL be done till my last breath. Don't make the same mistakes that I made. Make ur own mistakes. My songs are a blueprint to tell u exactly that. Tell me what you liked about them, and what you did not. Tell me what u hoped for, and what you got, and what left you wishing you had more of. I shall craft a Monument out of our feelings, our needs of the Soul - and my gift of expression shall present to you ALL that u ever expected from music but till now, never quite knew where to look for. I craft my Songs to express - not to impress. So - Pretence, showing off, self-obsession - If that's the kinda 'Big Bang' impact a Rapper should have - then thanks, but no thanks - I'm fine and I'd rather not follow the same old path that such Rappers generally tread. Drift away - Weary Seeker...We were all Destiny's Children, We know Not what We Seek.......

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