The scope of total income is determined on the basis of residential status of the assessee. For the purposes of this Act, there can be three residential status. Residential status is determined on the basis Basic conditions and Additional conditions
- Resident and ordinarily resident
- Resident but not ordinarily resident
- Non resident.
RESIDENTIAL STATUS OF AN INDIVIDUAL
Resident and Ordinarily Resident [ROR]
An individual is said to be resident in India if he satisfies anyone of the basic conditions and both of the additional conditions.
Resident but Not Ordinarily Resident [RNR]
An individual is said to be resident but not ordinarily resident in India if he satisfies anyone of the basic conditions but does not satisfies both of the additional conditions.… Read the rest