TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>New Income Tax Rules Affect Residency Status for Indian Citizens Earning Over Rs. 15 Lakhs</h1> To determine an individual's residential status for income tax purposes, the process involves two steps. First, ascertain if the individual is a resident or non-resident based on their physical presence in India. A person is considered a resident if they are in India for 182 days or more in a year or meet specific conditions regarding their presence over the past years. The Finance Act, 2020, introduced provisions for Indian citizens with income exceeding Rs. 15 lakhs, affecting their residency status. Second, if deemed a resident, determine if they are ordinarily resident or not, based on their residency history and presence in India.
TaxTMI 
TaxTMI 
