Question

Explain how tax liability of an assessee is determined with reference to his residence

Answer 1

• In India, the residential status or the residence of an assessee determines the scope of the income and the amount of income tax he/she is liable to pay.

• The residential status is calculated every year and a person can reside in more than one country at the same time.

• The liability varies depending on various factors such as the country of residence and whether the person is an ordinary or non-ordinary resident of India.

Answer 2

Answer:

Explain how tax liability of an assessee is determined with reference to his residence