Accountancy, asked by yashvishah106, 10 days ago

X left India for the first time on May 20, 2017. During the financial year 2019-20, he came to India once on May 27 for a period of 53 days. Determine his residential status for the A.Y. 2020-21.​

Answers

Answered by KishoreEga
1

Answer:

X is a Non Resident

Explanation:

Under the Income-tax Law, an individual will be treated as a resident in India for a year if he satisfies any of the following conditions (i.e. may satisfy any one or may satisfy both the conditions):

(1) He/ She is in India for a period of 182 days or more during the previous year ; or

(2) He/ She is in India for a period of 60 days or more  during the previous year and for a period of 365 days or more in 4 years immediately preceding the relevant previous year.

If an individual does not satisfy any of the above conditions he will be treated as non-resident in India

According to the above, in the given situation " X" did not stay in more than 182 days nor resided 60 days in the previous year. Hence, X is a Non resident.

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