Do you know who is a resident and ordinarily resident (ROR)?
Submitted by: MurtazaIndividual is treated as Resident and Ordinarily Resident if he satisfies any one of the basic conditions and both the following additional conditions.
Basic Conditions:
★ He is in XYZ(country) for a period or periods amounting in all to at least 182 days in the relevant previous year.
★ He is in XYZ(country) for 60 days or more during the relevant previous year and has been in XYZ(country) for 365 days or more during four previous years immediately preceding the relevant previous year.
Additional Conditions:
★ He has been Resident in XYZ(country) for at least 2 out of 10 previous years immediately preceding the relevant previous year.
★ He has been in XYZ(country) for 730 days or more during 7 previous years immediately preceding the relevant previous year.
Submitted by: Murtaza
Basic Conditions:
★ He is in XYZ(country) for a period or periods amounting in all to at least 182 days in the relevant previous year.
★ He is in XYZ(country) for 60 days or more during the relevant previous year and has been in XYZ(country) for 365 days or more during four previous years immediately preceding the relevant previous year.
Additional Conditions:
★ He has been Resident in XYZ(country) for at least 2 out of 10 previous years immediately preceding the relevant previous year.
★ He has been in XYZ(country) for 730 days or more during 7 previous years immediately preceding the relevant previous year.
Submitted by: Murtaza
Read Online CA (Chartered Accountants) Job Interview Questions And Answers
Top CA (Chartered Accountants) Questions
☺ | Explain the golden rules of accounting? |
☺ | Explain What is BOP? |
☺ | Explain What are the disadvantages of mixed economy system? |
☺ | Explain Trade discount, discount and rebate? |
☺ | Explain What is inflation and how is it measured? |
Top Business and Economics Categories
☺ | Taxation Interview Questions. |
☺ | Economics Interview Questions. |
☺ | Accounts Receivable (AR) Interview Questions. |
☺ | General Ledger Interview Questions. |
☺ | Fixed Assets Interview Questions. |