Accountancy, asked by irfankhanirfan7927, 1 year ago

How is residence of an assessee determined for tax purposes?

Answers

Answered by Anonymous
3

Answer:

Explanation:

Residential status is very important in Income Tax Act as the determination of tax liability depends much on it. An assessee is either (a) resident in India; or (b) non-resident in India. However resident individual and HUF may be (a) resident and ordinarily resident; or (b) resident but not ordinarily resident.

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