Other statutory compliances

Know your Residential Status as per Income Tax law

The Income Tax Act in India has classified the status of an Individual assessee into three viz

  • Resident and ordinarily resident (ROR)
  • Resident but not ordinarily resident (R but NOR)
  • Non-resident (NR)

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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