FTQR | Income Tax | Residential Status | CA | CS | CMA

There are basically three sections | Tax classes | of Income Tax Act, 1961 which shall govern this chapter residential status.

Section 5: Incidence of tax

Section 6: Determination of residential status

Section 9: Income deemed to accrue or arise in India.

Types of residential status

1. Resident in India

    a. Resident and ordinarily resident in India (R-OR)

    b. Resident and not ordinarily resident in India (R-NOR)

2. Non resident in India

Indian income is always taxable in India irrespective of the residential status.

Taxability of foreign income or income earned outside India shall depend upon residential status.

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