Income Tax : The issue concerns tax relief for foreign investors in infrastructure. The key takeaway is that specified funds can claim exemptio...
Income Tax : Residential status under the Income-tax Act determines taxability based on stay, control, or management. The key takeaway is that ...
Income Tax : Even if seafarers fail the 182-day NRI test due to crises or travel delays, foreign salary may still remain tax-free. RNOR status ...
Income Tax : Residential status under Section 6 determines whether a taxpayer is liable for global income or only Indian-source income. The rul...
Income Tax : Residential status under the Income Tax Act, 1961 defines who is taxed and on what income. The article explains how residence, not...
Income Tax : Section 5- Scope of income – Income Tax Act, 1961 5. [1] the total income of any previous year of a person who is a resident...
Income Tax : Following is the summary of Suggestion /representation on behalf of the taxpayers/professionals in connection with the Direct tax ...
Income Tax : Mumbai ITAT rules in favor of assessee in residential status dispute. Case details of ACIT vs. Nishant Kanodia for AY 2013-14. Com...
Income Tax : ITAT Delhi held that Tax Residency Certificate (TRC) is statutorily the only evidence required to be eligible for the benefit unde...
Income Tax : Narayanan Subramaniam Vs ACIT (ITAT Delhi) Controversy involved is primarily with regard to question if the assessee had non-res...
Income Tax : Explore the residency dispute in Smt. Kamla vs Hindustan Petroleum Corp. Detailed analysis of the court view on residency criteria...
Income Tax : OECD as well as most of the countries have clarified that in view of the provisions of the domestic income tax law read with the D...
Guide to Indian Income Tax residential status (NRI, RNOR, ROR). Covers 182/60-day rules and two new exceptions from AY 2021-22 for Indian citizens earning over Rs.15 lakh.
This article discusses the legal framework for determining residential status and its impact on the incidence of taxation in India.
Understand how residential status, not citizenship, determines tax liability in India. Learn the criteria for ROR, RNOR, and NR classifications under the Income Tax Act, 1961.
A summary of how residential status, determined by stay duration in India, affects the taxability of an individual’s income, including rules for residents, non-residents, and companies.
An assessee’s tax incidence is determined by his residential status. For example, an individual’s residential status in India determines whether income earned outside of India is taxable in India.
Learn how residential status affects tax liability under the Income Tax Act, 1961. Understand ROR, RNOR, and NR classifications and tax implications.
Understand the differences in residential status under the Income Tax Act and FEMA for Indians working abroad. Know tax implications and account status changes.
Learn how to determine the residential status for individual taxpayers in India under Income Tax Act 1961, including ROR, RNOR, and NR categories.
Gain insights into India’s residential status rules under Section 6 of the Income Tax Act, simplifying complexities for individuals and entities.
Learn why determining residential status matters for income tax in India. Explore the categories, tests, and implications for individuals, HUFs, firms, and companies.
