Residential status of an 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

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