05 June 2015
If residential status under co.s act, 2013 is to be calculated as per FEMA also..besides Income tax act? concept of 182 days only will be considered or concept of 60days will also be taken into account?
05 June 2015
FEMA has a contention which says if the person intends to stay abroad for a longer period of time. It is not DAYs specific like Income Tax Act
Querist :
Anonymous
Querist :
Anonymous
(Querist)
05 June 2015
You mean to say FEMA will not be considered? and what about the other 60days concept?
05 June 2015
which 60 days concept you are talking? Income tax act or FEMA or companies act 2013?
Querist :
Anonymous
Querist :
Anonymous
(Querist)
05 June 2015
the second condition under income tax act, 1961 i.e. 60days in a year or 365 days in previous four years. If this is also considered apart from 182 days in previous year?