what are the different categories into which the assesses are divided with regard to residence ? give brief account of each of them?
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Basis the longevity of the period of stay, residential status is further classified into further three categories (Residents and Ordinarily Resident (ROR), Residents but not Ordinarily Residents (RNOR) cumulatively referred as resident; and Non Residents (NR), depending upon which the income is charged to tax in India.
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4
Answer:
Basis the longevity of the period of stay, residential status is further classified into further three categories (Residents and Ordinarily Resident (ROR), Residents but not Ordinarily Residents (RNOR) cumulatively referred as resident; and Non Residents (NR), depending upon which the income is charged to tax in India.
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