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Residence And Tax Liability YOGESH SINGLA
INTRODUCTION ,[object Object],[object Object],YOGESH SINGLA
[object Object],YOGESH SINGLA
Different residential status: YOGESH SINGLA Resident Ordinarily resident Not-ordinarily resident Non-resident
Important points for deciding residential status: ,[object Object],[object Object],YOGESH SINGLA
[object Object],[object Object],YOGESH SINGLA
[object Object],[object Object],YOGESH SINGLA
How to determine residential status of an individual  YOGESH SINGLA
YOGESH SINGLA Step 1 First find out whether such individual is “Resident” in India Step 2 If such individual is “Resident” in India, then find out whether he is  “ordinarily resident” in India. However, if such individual is a “Non-resident” in India, then no further investigation is necessary
BASIC CONDITIONS sec.(6) ,[object Object],[object Object],YOGESH SINGLA
Explanation of the above basic condition of 60 days in India ,[object Object],[object Object],YOGESH SINGLA
Additional conditions [sec. 6(6)(a)] to test as to when a resident individual is ordinarily resident in India ,[object Object],[object Object],YOGESH SINGLA
CONDITIONS TO TEST AS TO WHEN A INDIVIDUAL IS A RESIDENT IN INDIA ,[object Object],YOGESH SINGLA
CONDITIONS TO TEST AS TO WHEN A INDIVIDUAL IS NOT ORDINARILY RESIDENT  ,[object Object],YOGESH SINGLA
CONDITIONS TO TEST AS TO WHEN A INDIVIDUAL IS NON-RESIDENT  ,[object Object],YOGESH SINGLA
YOGESH SINGLA Particulars Ordinarily Resident Not ordinarily resident Non resident a). Income due and received in India. Y Y Y b). Income due in India but received outside in India or income due outside India but received in India Y Y Y c). Income of a business outside India which was controlled from India. Y Y N d). Income due and received outside India. Y N N e). Past untaxed income brought to India. N N N
EXCEPTIONS ,[object Object],[object Object],[object Object],YOGESH SINGLA
Plan Ahead! Have A Non ‘Tax’ing Year!! YOGESH SINGLA

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Income tax

  • 1. Residence And Tax Liability YOGESH SINGLA
  • 2.
  • 3.
  • 4. Different residential status: YOGESH SINGLA Resident Ordinarily resident Not-ordinarily resident Non-resident
  • 5.
  • 6.
  • 7.
  • 8. How to determine residential status of an individual YOGESH SINGLA
  • 9. YOGESH SINGLA Step 1 First find out whether such individual is “Resident” in India Step 2 If such individual is “Resident” in India, then find out whether he is “ordinarily resident” in India. However, if such individual is a “Non-resident” in India, then no further investigation is necessary
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16. YOGESH SINGLA Particulars Ordinarily Resident Not ordinarily resident Non resident a). Income due and received in India. Y Y Y b). Income due in India but received outside in India or income due outside India but received in India Y Y Y c). Income of a business outside India which was controlled from India. Y Y N d). Income due and received outside India. Y N N e). Past untaxed income brought to India. N N N
  • 17.
  • 18. Plan Ahead! Have A Non ‘Tax’ing Year!! YOGESH SINGLA