Income tax in India will be charged based on the residential status of your company. Residential status of a company is based on the place of company’s control and management of its affairs. If your company is register in India then it will be treated as a resident under the provisions of IT act. An Indian company will be always treated as resident. … [Read more...] about How to derive residential status of companies
How to find out your residential status
FAQ on residential status of Individual
Can any person be a resident of more than one country Yes, a person can be resident of more than one country. If you are a resident of India as per the provisions of Indian income tax act then it does not mean that you will be treated as non resident for other countries. Different countries have different set of income tax act and rules. If after becoming a resident in … [Read more...] about FAQ on residential status of Individual
How to derive Residential Status of an individual – section 6 of income tax act
Residential status of an individual decides whether the person is taxable or not in our country. You need to determine residential status of each year to know whether you are taxable in that year or not. To determine residential status you need to first find out whether you are a resident or non resident. If you are a resident then in the next step you need to determine … [Read more...] about How to derive Residential Status of an individual – section 6 of income tax act