Why is it essential to determine a person's status as Resident, Ordinarily resident and Not Ordinarily resident under Income Tax Act?

CA. ILA JINDAL , Last updated: 17 May 2023 Share Follow on Google News

As we all must be aware about that an individuals income taxability is depends upon his residential status, which is to be determined on a year to year basis. Let us first see, when can an individual become a resident of India. An individual shall be deemed to be a resident of India if he satisfi

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CA. ILA JINDAL

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Jindal Ila Co. is a chartered accountancy firm rendering comprehensive professional services which include audit, management consultancy, tax consultancy, accounting services, manpower management, secretarial services etc. Our industry exposure includes the logistics sector with transportation, GTA, traders, start ups ... Read more

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Why is it essential to determine a person's status as Resident, Ordinarily resident and Not Ordinarily resident under Income Tax Act?

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