capital budgeting

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 October 2010 Mr. A (citizen of a foreign country) came into India on 01-07-2009 for employment purpose.

No doubt, his residential status for the financial year 2010-11 shall be 'Person Resident in India'.

I want to know, what shall be his residential status for the period 01-07-2009 to 31-03-2010?

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)
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12 October 2010 For the finacial year 09-10, he is not fulfilling any basic condition required for resident and ordinarily resident ( 182 days in p. year or 60 days in p year with 365 days in last 4 years )

So he is non-resident for the year 09-10

Querist : Anonymous

Querist : Anonymous (Querist)

13 October 2010 sorry, i think by mistake the title of query has written wrong..

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