Interview Questions Answers.ORG
Interviewer And Interviewee Guide
Interviews
Quizzes
Home
Quizzes
Interviews Financial Account Interviews:Associate Finance ExecutiveBilling CoordinatorBilling SpecialistBudget AnalystCash ClerkCashier AssistantCFOClaim ClerkCommercial Loan OfficerDeath Benefits ClerkFinance AnalystFinancial AdministratorFinancial ControllerFinancial PlannerFinancial SpecialistHedge Fund TraderIncome Tax ExpertInsurance AgentWestern Union
Copyright © 2018. All Rights Reserved
Income Tax Expert Interview Question:
Tell me how will you decide the residential status of an individual?
Submitted by: MuhammadAs per the provisions of Income Tax Act residential status of an individual is categorized as Resident and Non Resident.
Under Section 6(1), an individual is said to be resident in India in any previous year if he satisfies any one of the following basic conditions:
1. He is in India in the previous year for a period of at least 182 days.
2. He is in India for a period of at least 60 days during the relevant previous year and at least 365 days during the four years preceding that previous year.
The above provisions are applicable only to those who are residents of India irrespective of their nationality otherwise they are included in Non resident.
Submitted by: Muhammad
Under Section 6(1), an individual is said to be resident in India in any previous year if he satisfies any one of the following basic conditions:
1. He is in India in the previous year for a period of at least 182 days.
2. He is in India for a period of at least 60 days during the relevant previous year and at least 365 days during the four years preceding that previous year.
The above provisions are applicable only to those who are residents of India irrespective of their nationality otherwise they are included in Non resident.
Submitted by: Muhammad
Copyright 2007-2024 by Interview Questions Answers .ORG All Rights Reserved.
https://InterviewQuestionsAnswers.ORG.
https://InterviewQuestionsAnswers.ORG.