Residential status of HUFs: three categories define tax position and may change annually under income-tax rules. Classes of residential status for a Hindu Undivided Family under the Income-tax law are Resident and ordinarily resident, Resident but not ordinarily ... Summary
Residential status of HUFs: three categories define tax position and may change annually under income-tax rules.
Classes of residential status for a Hindu Undivided Family under the Income-tax law are Resident and ordinarily resident, Resident but not ordinarily resident, and Non-resident, and the HUF's status is determined annually under the statutory residential-status provisions, so it may change from year to year.
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