RESIDENTIAL STATUS OF ‘HUF’, ‘FIRM’, ‘AOP’ & BOI

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....I' Section 6(2) of the Act provides that status of these persons shall be determined as per Tests given below: Resident Non- Resident Not Ordinarily Resident It means that if a HUF, FIRM, AOP & B....

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....management affairs is situated wholly outside India. HUF will be 'Not Ordinarily Resident' if: i. Its Karta has not been resident in India in 9 out of 10 previous year preceding the relevant account....