The Income Tax Act in India has classified the status of an Individual assessee into three viz.,,
The residential status of an Individual is determined based on the number of days of stay in India. Financial year (FY) is April to March.
*Not applicable to a resident going outside India for employment, a resident who leaves India as a member of crew of an Indian ship, an Indian citizen or person of Indian origin who is abroad and comes to India for a visit i.e. if such a person stays in India for less than 182 days, he would be a non-resident.
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