meaning of NRI as per ITA, 1961
DEVYANI SIDDHAPURA (CA Final Student) (73 Points)
27 December 2016
can a company/ firm/ AOP/ BOI, ETC be called as non resident INDIAN as per income tax act?
DEVYANI SIDDHAPURA (CA Final Student) (73 Points)
27 December 2016
Abhinav
(CA)
(397 Points)
Replied 25 January 2017
Yes. Refer Section 6(4) and 6(6) of the ITA. It says any person......that means, as long as the entity qualifies as a person in the ITA Section 2 definition, it can be decided that it is a Resident/Non-Resident by virtue of Section 6.
DEVYANI SIDDHAPURA
(CA Final Student)
(73 Points)
Replied 25 January 2017
DEVYANI SIDDHAPURA
(CA Final Student)
(73 Points)
Replied 25 January 2017
Abhinav
(CA)
(397 Points)
Replied 25 January 2017
If a person is does not fulfill requirement of being a "resident" as per Section 6(4), in my view, it can be inferred that it is a "Non Resident"
Abhinav
(CA)
(397 Points)
Replied 25 January 2017
If a person is does not fulfill requirement of being a "resident" as per Section 6(4), in my view, it can be inferred that it is a "Non Resident"
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