GK
TAXES IN INDIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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R, a foreign national visited India during previous year 2008-09 for 180 days. Earlier to this he never visited India. R in this case shall be:
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Non-resident
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Resident in India
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Not ordinarily resident in India
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None of these
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Explanation:
Detailed explanation-1: -First, we need to check whether the period of stay in India is 60 days or more, during the year. If the first one is satisfied, then we need to check whether period of stay in India during the preceding 4 years is 365 days or more. If both these conditions hold true, he will be considered as the resident Individual.
Detailed explanation-2: -An Indian citizen or a person of Indian origin having taxable India-sourced income not exceeding INR 1.5 million and who, being outside India, comes on a visit to India will qualify as a resident of India only if physically present in India for 182 days or more during that tax year.
There is 1 question to complete.