Economy, asked by Dipl12345, 2 days ago

What are the different categories of residential status? Explain how these are
determined and affect the tax liability of an assesses?

Answers

Answered by babankarmhe

Resident: A resident will be charged to tax in India on his global income i.e. income earned in India as well as income earned outside India. NR and RNOR: Their tax liability in India is restricted to the income they earn in India. They need not pay any tax in India on their foreign income.

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