Scribd Logo
Upload

Welcome to Scribd!

  • Section 6: Residential Status of Individual, Huf/Firm/Aop, Company

    Uploaded by

    nilu4scripd
    2 views7 pages
    This document summarizes the residential status rules for individuals, HUFs/AOPs/firms, and companies in India. For individuals, an individual is considered a resident if they are in India for 60 days out of the previous year or 182 days in the previous year. Exceptions are provided. An individual is considered a resident of ordinary residence (ROR) if they are a resident for 2 out of the previous 10 years or 730 days in the previous 7 years. For HUFs/AOPs/firms, residential status depends on where control and management is located. For companies, residential status depends on where control and management is located and whether the company is an Indian company or not.

    Original Description:

    Sec 6

    Original Title

    Section 6

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document summarizes the residential status rules for individuals, HUFs/AOPs/firms, and companies in India. For individuals, an individual is considered a resident if they are in India for 60 days out of the previous year or 182 days in the previous year. Exceptions are provided. An individual is considered a resident of ordinary residence (ROR) if they are a resident for 2 out of the previous 10 years or 730 days in the previous 7 years. For HUFs/AOPs/firms, residential status depends on where control and management is located. For companies, residential status depends on where control and management is located and whether the company is an Indian company or not.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    2 views7 pages

    Section 6: Residential Status of Individual, Huf/Firm/Aop, Company

    Uploaded by

    nilu4scripd
    This document summarizes the residential status rules for individuals, HUFs/AOPs/firms, and companies in India. For individuals, an individual is considered a resident if they are in India for 60 days out of the previous year or 182 days in the previous year. Exceptions are provided. An individual is considered a resident of ordinary residence (ROR) if they are a resident for 2 out of the previous 10 years or 730 days in the previous 7 years. For HUFs/AOPs/firms, residential status depends on where control and management is located. For companies, residential status depends on where control and management is located and whether the company is an Indian company or not.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 7

    SECTION 6

    RESIDENTIAL STATUS OF INDIVIDUAL, HUF/FIRM/AOP, COMPANY


    VIVEK PATIL 115
    1

    RESIDENTIAL STATUS OF INDIVIDUAL Section 6(1)


    In India in PY for 60 days or more

    In India in PY for 182 days

    OR

    365 days or more during 4 years preceding to PY

    RESIDENT

    EXCEPTIONS FOR 2nd CONDITION


    Indian citizen going abroad for studies or first time for employment or as a part of crew of Indian ship. Indian citizen or a person of Indian origin who have being abroad comes to India for visit.

    INDIVIDUAL IS ROR/RNOR?

    ResidentAtleast 2 out of 10 preceding to PY

    OR

    In India for 730 days or more during 7 years preceding to PY

    ROR

    RESIDENTIAL STATUS OF HUF/AOP/FIRM - Section 6(2)


    Control and management of affairs of HUF is:

    Wholly in India

    RESIDENT

    Wholly outside India Partly in India and partly outside India

    NONRESIDENT

    RESIDENT
    5

    HUF IS ROR/RNOR?

    KARTA is residentAtleast 2 out of 10 preceding to PY

    OR

    KARTA is resident for 730 days or more during 7 years preceding to PY

    ROR

    RESIDENTIAL STATUS OF COMPANY Section 6(3)


    Control and management of affairs is:
    INDIAN COMPANY NOT AN INDIAN COMPANY
    RESIDENT

    Wholly in India Wholly outside India Partly in India and partly outside India

    RESIDENT

    RESIDENT

    NON RESIDENT

    RESIDENT

    NON RESIDENT
    7

    You might also like