Computer Science, asked by bijojinu517, 3 months ago

Explain the following terms Resident individual and Resident Company? Explain in detail.​

Answers

Answered by nayanavikaskarpdk2v1
0

Answer:

It is important for Income Tax Department to determine the residential status of a tax paying individual or company. It becomes particularly relevant during the tax filing season. In fact, this is one of the factors based on which a person’s taxability is decided. Let us explore the residential status and taxability in detail.

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