Citizenship
This query is : Resolved
26 August 2009
Dear sir,
What is the difference between Citizenship & Residential status covered in income tax act 1961?
pls clarify at the earliest.
With regards,
R. Gurucharan.
What is the difference between Citizenship & Residential status covered in income tax act 1961?
pls clarify at the earliest.
With regards,
R. Gurucharan.
26 August 2009
Under the income tax act, taxation depends upon ones status for the previous year. Although a person maybe a citizen of India but he might not be a resident for the assessment year under the Income Tax. you can read Section 6 of IT Act which will clear up the entire concept.
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