What is the Residential status of an Individual?


0

To compute total income of a person, it is first necessary to determine Residential Status

of that person.

Residential status of an INDIVIDUAL:

For determination of residential status of an individual, one has to observe certain

conditions.

First two conditions are known as Basic conditions and other two conditions are known

as Additional conditions. Basic conditions are in Section 6(1) & additional conditions are

given in Section 6(6).

An individual is said to be resident in India in any previous year if he fulfils any one of the

following two basic conditions: [Sec. 6(1)]

(a) His stay in India is 182 days or more during the Previous Year.

(b) His stay in India is 60 days or more during the Previous Year and 365 days or more

during the 4 years immediately preceding that previous year.


Like it? Share with your friends!

0
MT UVA BMS

MT UVA- University, Vocational and Affiliated Education for BMS

7 Comments


Warning: Undefined array key "html5" in /home/bmsnewco/public_html/wp-content/plugins/facebook-comments-plugin/class-frontend.php on line 140

Facebook comments:

This Website Is For Sale. Email us an offer we cannot refuse on [email protected] :)

X
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube and Vimeo Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format