Accountancy, asked by ps6267999, 6 hours ago

How is residence of assesses determined
income tax Purpose ? Explain the
incidence of residence of tax​

Answers

Answered by bhavyasri4107
1

Answer:

Under the Income Tax Act, the residential status of an individual is determined on the basis of period of stay of taxpayers in India. Tax incidence on a taxpayer in India depends upon his residential status. ... However, the Income Tax Act, 1961 (Act) does not provide tax benefits on the basis of a person's citizenship

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