resident but not ordinarily resident

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08 June 2010 Can anyone tell me what is the criteria for an individual status being a RNOR in fy2009-10/ay2010-11

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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08 June 2010 Resident but not ordinarily resident under Income tax Act

As per Sec.6(1),6(6)(a) An individual who satisfy the at least one of the following basic condition as mentioned below

A) He is in India in the pervious year for a period of 182 days or more
B) He is in India for a period of 60 days or more during the previous year and 365 days or more during 4 years immediately preceding the previous year

But not satisfy any of the additional condition as follows

A. He has been resident in India in atleast 2 out of 10 previous year immediately preceding the relevant previous year
B. He has been in India for a period of 730 days or more during 7 years immediately preceding the relevant previous year

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