Mr. Shankar left for America on 15th Feb 2014 after staying in India
for 15 years. He came back on 315 July 2018. Determine his
residential status for the A.Y. 2019-20
bd
following information of a Charter
Answers
Answer:
Tax Act, such as residential status, assessment year, previous year, ... Income tax being direct tax is a major source of revenue for the ... 2018 are effective from 1st April, 2018. ... The balance of amount left after deduction of items given in (12) ... Computation of tax liability of Mr. Atin for the A.Y. 2019-20.
Explanation:
A person is said to be resident in India in any previous year if he fulfills these conditions -
1)He is in India for atleast 182 days
during previous year
Or
2)He is in India for 60 days during the previous year and for atleast 365 during 4 years preceeding the previous year
In this question,there is information regarding his residential status of 4 years prior to the previous year..That he did not leave the country previously so..
during 1-4-17 to 31-3-18.. he jusT stayed for 126 days from (april 1 to aug 4). and again for 36 days from(feb 23 to March 31)..on a whole for 152 days ..so he is not days satisfying the first condition of 182 days..but he is satisfying the second condition..so he is a resident for the previous year 2017-18