Resident status determines tax liability by reference to the statuteally defined residence test for income tax purposes. Definition of Resident: a person who is resident in India within the meaning of section 6, as incorporated by clause (42) of section 2 of the Income tax ... Summary
Resident status determines tax liability by reference to the statuteally defined residence test for income tax purposes.
Definition of Resident: a person who is resident in India within the meaning of section 6, as incorporated by clause (42) of section 2 of the Income tax Act; this statutory definition is the operative test for determining tax residency and is used in manuals and reference guides to classify taxpayers for income tax purposes.
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