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Casonubhat (49 Points)

10 May 2007

hi wht will be residential status of a child born in international airways

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3 Replies

Rinit (25 Points)
Replied 10 May 2007

My dear friend Residential Status depends on number of days stay in indian territory and not on birthplace

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Siva Prasad (Student CA Final ) (66 Points)
Replied 28 August 2007

My Dear Friend Drafting of Question is Wrong..

CA.Saibaburao Nanduri (Chartered Accountant) (3847 Points)
Replied 28 August 2007

The income liable to tax in the hands of the assesseeis determined on the basis of residential status. For this purpose the assesees are divided in to the following two categories: i. Resident in India and ii Non-resident in India Individuals and Hindu undivided families who are resident in India are again classified as (a) Ordinary resident (b) Not ordinarily resident now, pl. read section 6 of the Incometax Act to understand about the residential status.