Problems on residential status of an individual
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Mr. Prakash's residential status for the assessment year 2020-21 is determined. He left India for Germany on 1-4-2016 and returned on 1-12-2018. He then left for England on 1-7-2019 and returned on 1-2-2020. He satisfies the basic condition of being in India for at least 60 days in the previous year and satisfies both additional conditions of being resident for at least 2 years out of the last 10 years and being in India for at least 730 days in the last 7 years. Therefore, his residential status is resident and ordinarily resident (ROR) for the assessment year 2020-21.
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Residential status problems
1. Mr. Prashant went to Germany for a diploma course from August 2020 to February 2021. As he was out of India for more than 182 days, his residential status for FY 2020-2021 is non-resident.
2. An individual was in India for 185 days in FY 2020-2021, 15 days in 2019-2020, and 26 days in 2018-2019. As the stay in India was less than 182 days in the last 2 years, the residential status for AY 2021-2022 is non-resident.
3. Mr. Rohan, a foreign national, has been in India for more than 120 days in 5 of the last 6 years. Therefore, his residential
Residential status
Mr. Arun is determined to be a 'resident but not ordinarily resident' for the assessment year 2020-2021. He meets the basic condition of being in India for 182 days in the previous year but does not meet the additional conditions of being resident in India for 2 of the past 10 years or being in India for at least 730 days in the past 7 years.
Mr. Williams is determined to be a 'resident but not ordinarily resident' for the assessment year 2020-2021. He meets one of the additional conditions of being resident for 2 of the past 10 years but does not meet the other additional condition of being in India for at least 730 days in the past 7 years.
The
Residential status
1. The document discusses the residential status of individuals, HUFs, AOPs, and firms under the Indian Income Tax Act. It provides examples and solutions for determining residential status based on the number of days spent in India and the location from which business affairs are controlled.
2. Residential status is determined based on satisfying conditions for being a resident under section 6(1) or by being ordinarily resident as defined in section 6(6).
3. Location of control and management is the determining factor for residential status of HUFs, AOPs and firms, regardless of the residential status of members.
Tax Law and Procedures
Mr. Bala is determined to be a resident and ordinarily resident based on the following:
- He satisfied the second basic condition of staying in India for 75 days in the previous year and 400 days in the 4 preceding years.
- He has been a permanent resident of India before first leaving in 2016, satisfying the additional conditions.
Mr. Tamilarasan is determined to be a resident and ordinarily resident based on the following:
- He satisfied the second basic condition of staying in India for 169 days in the previous year and over 365 days in the 4 preceding years
- He left India for the first time in 2020, satisfying the additional conditions.
Mr. Gowtham is
Residential status
- An individual's residential status in India for tax purposes depends on how many days they spent in India during the year, not their citizenship.
- Individuals are classified as resident, resident but not ordinarily resident (RNOR), or non-resident based on the number of days spent in India.
- To be a resident, an individual must spend 182 days or more in India during the year or 60 days and at least 365 days in the last 4 years.
- Exceptions apply for Indian citizens working abroad or visiting India temporarily.
Residential status of an individual
1) The document discusses the residential status of individuals in India for tax purposes, including the definitions and tests for being a resident, ordinarily resident, not ordinarily resident, and non-resident.
2) It provides examples of how to determine an individual's residential status based on the number of days spent in India in the relevant year and over the last few years, as well as examples of applying the tests.
3) Residential status is important for determining the scope of an individual's global income that is taxable in India.
It.pdf msit naysk lollllllllaaaaa msit ka bokkkk
- The document lists the number of days a US citizen stayed in India each month from April 2021 to March 2022. It also provides the total number of days for each month.
- To determine the individual's residential status for the previous year 2021-22, it is necessary to examine if he satisfies the first condition of staying in India for at least 182 days. His total stay in India during the previous year is calculated to be 194 days.
- As he stayed in India for more than 182 days during the relevant previous year, he satisfies the first condition to be considered a resident. Therefore, his residential status for the previous year 2021-22 is a resident.
UNIT 3: RESIDENTIAL STATUS
This document discusses residential status for income tax purposes in India. It defines the categories of resident, resident but not ordinarily resident (RNOR), and non-resident. An individual is considered a resident if they are in India for at least 182 days in a year or at least 60 days in the year and 365 days in the last 4 years. To be considered a resident and ordinarily resident (ROR), additional criteria of being in India for at least 730 days in the last 7 years and being a resident for at least 2 of the last 10 years must be met. The document provides examples to demonstrate how to determine residential status.
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Residential status problems
1. Mr. Prashant went to Germany for a diploma course from August 2020 to February 2021. As he was out of India for more than 182 days, his residential status for FY 2020-2021 is non-resident.
2. An individual was in India for 185 days in FY 2020-2021, 15 days in 2019-2020, and 26 days in 2018-2019. As the stay in India was less than 182 days in the last 2 years, the residential status for AY 2021-2022 is non-resident.
3. Mr. Rohan, a foreign national, has been in India for more than 120 days in 5 of the last 6 years. Therefore, his residential
Residential status
Mr. Arun is determined to be a 'resident but not ordinarily resident' for the assessment year 2020-2021. He meets the basic condition of being in India for 182 days in the previous year but does not meet the additional conditions of being resident in India for 2 of the past 10 years or being in India for at least 730 days in the past 7 years.
Mr. Williams is determined to be a 'resident but not ordinarily resident' for the assessment year 2020-2021. He meets one of the additional conditions of being resident for 2 of the past 10 years but does not meet the other additional condition of being in India for at least 730 days in the past 7 years.
The
Residential status
1. The document discusses the residential status of individuals, HUFs, AOPs, and firms under the Indian Income Tax Act. It provides examples and solutions for determining residential status based on the number of days spent in India and the location from which business affairs are controlled.
2. Residential status is determined based on satisfying conditions for being a resident under section 6(1) or by being ordinarily resident as defined in section 6(6).
3. Location of control and management is the determining factor for residential status of HUFs, AOPs and firms, regardless of the residential status of members.
Tax Law and Procedures
Mr. Bala is determined to be a resident and ordinarily resident based on the following:
- He satisfied the second basic condition of staying in India for 75 days in the previous year and 400 days in the 4 preceding years.
- He has been a permanent resident of India before first leaving in 2016, satisfying the additional conditions.
Mr. Tamilarasan is determined to be a resident and ordinarily resident based on the following:
- He satisfied the second basic condition of staying in India for 169 days in the previous year and over 365 days in the 4 preceding years
- He left India for the first time in 2020, satisfying the additional conditions.
Mr. Gowtham is
Residential status
- An individual's residential status in India for tax purposes depends on how many days they spent in India during the year, not their citizenship.
- Individuals are classified as resident, resident but not ordinarily resident (RNOR), or non-resident based on the number of days spent in India.
- To be a resident, an individual must spend 182 days or more in India during the year or 60 days and at least 365 days in the last 4 years.
- Exceptions apply for Indian citizens working abroad or visiting India temporarily.
Residential status of an individual
1) The document discusses the residential status of individuals in India for tax purposes, including the definitions and tests for being a resident, ordinarily resident, not ordinarily resident, and non-resident.
2) It provides examples of how to determine an individual's residential status based on the number of days spent in India in the relevant year and over the last few years, as well as examples of applying the tests.
3) Residential status is important for determining the scope of an individual's global income that is taxable in India.
It.pdf msit naysk lollllllllaaaaa msit ka bokkkk
- The document lists the number of days a US citizen stayed in India each month from April 2021 to March 2022. It also provides the total number of days for each month.
- To determine the individual's residential status for the previous year 2021-22, it is necessary to examine if he satisfies the first condition of staying in India for at least 182 days. His total stay in India during the previous year is calculated to be 194 days.
- As he stayed in India for more than 182 days during the relevant previous year, he satisfies the first condition to be considered a resident. Therefore, his residential status for the previous year 2021-22 is a resident.
UNIT 3: RESIDENTIAL STATUS
This document discusses residential status for income tax purposes in India. It defines the categories of resident, resident but not ordinarily resident (RNOR), and non-resident. An individual is considered a resident if they are in India for at least 182 days in a year or at least 60 days in the year and 365 days in the last 4 years. To be considered a resident and ordinarily resident (ROR), additional criteria of being in India for at least 730 days in the last 7 years and being a resident for at least 2 of the last 10 years must be met. The document provides examples to demonstrate how to determine residential status.
UNIT-1-B-Residental-Status ganesh.pdf
The document provides an overview of the key concepts related to determining residential status under the Indian Income Tax Act 1961. There are three types of residential statuses: resident and ordinarily resident, resident but not ordinarily resident, and non-resident. The summary determines the residential status of various individuals based on whether they meet the basic and additional conditions specified in the Act.
residential status (1).ppt
The document discusses the residential status criteria in India under section 6 of the Income Tax Act. An individual is a resident if they are present in India for 182 days or more in the relevant year, or 60 days in the year and 365 days in the last 4 years. Additional criteria for "ordinarily resident" requires presence for 730 days in the last 7 years. Two examples are given applying these criteria to determine the residential status as resident but not ordinarily resident or non-resident.
Residential Status
1. The document discusses the rules for determining an individual's residential status for tax purposes in India.
2. It outlines the basic conditions for being considered a resident of India, including staying 182 days or more in the previous year or staying 60 days or more and 365 days in the last 4 years.
3. It then gives an example calculation of residential status for an individual named Mr. X over several previous years, determining that he qualifies as a "resident and ordinarily resident" of India based on meeting the additional conditions.
Residential status
Tax is levied on the total income of an assessee under the provisions of Income Tax Law, 1961 and the tax liability of an assessee is dependent on his/her residential status and their stay in India during the previous years. In this article / PPT we'll discuss how a person becomes the Resident / Ordinary Resident / Not Ordinary Resident / Non Resident of India under Section 6 of Income Tax Law, 1961.
Income tax basics
The document discusses the concepts of previous year and assessment year under the Indian Income Tax Act 1961. It defines previous year as the financial year immediately preceding the assessment year, during which income is earned. Assessment year is defined as the year following the previous year, during which income earned during the previous year is assessed. It provides examples to illustrate these concepts and determine the previous year and assessment year for different income types. The key highlights are:
1) Previous year is the financial year during which income is earned.
2) Assessment year is the following year during which income of the previous year is taxed.
3) Examples are provided to determine the previous year and assessment year for various income types like salary, house
My tax ppt ( 23)
This document discusses the types of residential status for individuals, HUFs, firms, companies and other judicial persons in India for tax purposes. It provides the conditions for being a resident, non-resident or ordinarily resident and explains how to determine residential status based on the number of days spent in India in the relevant financial year or preceding years. It also includes examples of calculating residential status for different individuals and HUFs. Finally, it discusses the incidence of tax for residents and non-residents of India.
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The document provides an overview of the key concepts related to determining residential status under the Indian Income Tax Act 1961. There are three types of residential statuses: resident and ordinarily resident, resident but not ordinarily resident, and non-resident. The summary determines the residential status of various individuals based on whether they meet the basic and additional conditions specified in the Act.
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The document discusses the residential status criteria in India under section 6 of the Income Tax Act. An individual is a resident if they are present in India for 182 days or more in the relevant year, or 60 days in the year and 365 days in the last 4 years. Additional criteria for "ordinarily resident" requires presence for 730 days in the last 7 years. Two examples are given applying these criteria to determine the residential status as resident but not ordinarily resident or non-resident.
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Tax is levied on the total income of an assessee under the provisions of Income Tax Law, 1961 and the tax liability of an assessee is dependent on his/her residential status and their stay in India during the previous years. In this article / PPT we'll discuss how a person becomes the Resident / Ordinary Resident / Not Ordinary Resident / Non Resident of India under Section 6 of Income Tax Law, 1961.
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The document discusses the concepts of previous year and assessment year under the Indian Income Tax Act 1961. It defines previous year as the financial year immediately preceding the assessment year, during which income is earned. Assessment year is defined as the year following the previous year, during which income earned during the previous year is assessed. It provides examples to illustrate these concepts and determine the previous year and assessment year for different income types. The key highlights are:
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Problems on residential status of an individual
- 1. Problems on residential status of an Individual
- 2. Q. Mr. Prakash who left India for the first time to Germany on 1-4-2016 and came back to India on 1-12-2018. Again on 1-07-2019 he left for England and came back to India on 1-02-2020. compute his residential status for the assessment year 2020-21. solution:- Comes to India Leaves India Previous Year No. of days stay in India From – To 1-04-2016 2016-17 01 (1-04-2016) - - 2017-18 00 - 1-12-2018 - 2018-19 121 (1-12-2018 to 31-03-2019) - 1-07-2019 2019-20 92 60 152 (01-04-2019 to 31-03-2020) 1-02-2020 - 2019-20 (01-02-2020 to 31-03-2020)
- 3. • Mr. Prakash is Resident and ordinarily resident because he satisfies one the basic conditions(second) and also satisfies both additional conditions. • Hence, the residential status of Mr. Prakash is ROR.
- 4. • Basic Condition – • Additional Condition- 1. He is in India for a total period of 182 days or more during the previous year ; or 2. He is in India for a total period of 60 days or more during the previous year and 365 days or more during 4 years preceding previous year 1. He is resident in India for at least 2 years out of 10 years preceding to previous yea, and 2. He is in India for a period of 730 days or more during 7 years preceding to previous year.
- 5. NR Does NOT Satisfy any of the BC ROR Satisfy any one of the BC + satisfy both the AC NOR Satisfy any one of the BC + does not satisfy both the AC