Memorándum de Entendimiento (MoU) entre Codelco y SQM
Residential Status
1. Scope of Income and Tax Implication Types of Income R & OR R & NOR NR Income received in India 2. Income earned in India 3. Income from business or profession situated outside India but controlled from India 4. Other Incomes
3. It refers to a natural human being whether male or female, minor or major Individual It is a relationship created due to operation of Hindu Law. The manager of HUF is called "Karta" and its members are called 'Coparceners' H.U.F PERSON It is an artificial person registered under Indian Companies Act, 1956 or any other law Company FIRM:- It is an entity which comes into existence as a result of partnership agreement. Firm can be registered or unregistered. When persons combine together to carry on a joint enterprise and they do not constitute partnership under the territory of law, they are assessable, as an AOPs or BOIs. Firms, AOPs, BOIs Others Municipality, Panchayat, Cantonment Board. etc. is called local authorities. , Statutory Corporations like National Insurance a University etc. are called artificial juridical persons.
4. Ordinary Resident Resident Individual Not Ordinary Resident Non - Resident Ordinary Resident Resident H.U.F Not Ordinary Resident Non - Resident Resident PERSON Company Non - Resident Resident Firms, AOPs, BOIs Non - Resident Resident Others Non - Resident