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Residential Status

If the total income exceeds 15 lakhs than 182 days criteria or in 4 years 365 days and 120 days would be applicable right? For clause (b) individuals

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Vidyashree Hegde

Vidyashree Hegde

CA Inter

0

09-Mar-21 17:47

30

Answers (14)

Yes


Abhishek Purohit

Abhishek Purohit

CA Inter

9K+

09-Mar-21 19:04

And if he only satisfies 120 days condition he will be treated as resident but not ordinary resident


Abhishek Purohit

Abhishek Purohit

CA Inter

9K+

09-Mar-21 19:08

Yes sir.. but in indigolearn lectures in residential status part the, that sir said only 120 days criteria is applicable and 365 days within 4 years is not to be considered


Vidyashree Hegde

Vidyashree Hegde

CA Inter

0

09-Mar-21 19:11

Yes sir.. but in indigolearn lectures in residential status part the, that sir said only 120 days criteria is applicable and 365 days within 4 years is not to be considered

Sir has talked only about the substitution of day limit from 60 to 120 days


Abhishek Purohit

Abhishek Purohit

CA Inter

9K+

09-Mar-21 19:20

Sir has talked only about the substitution of day limit from 60 to 120 days

365 days in last 4 p.y is also necessary


Abhishek Purohit

Abhishek Purohit

CA Inter

9K+

09-Mar-21 19:21

Ok sir.. thank you.


Vidyashree Hegde

Vidyashree Hegde

CA Inter

0

09-Mar-21 19:22

Ok sir.. thank you.

I am not sir ,just a student


Abhishek Purohit

Abhishek Purohit

CA Inter

9K+

09-Mar-21 19:23

I am not sir ,just a student

Thank you for the help..


Vidyashree Hegde

Vidyashree Hegde

CA Inter

0

11-Mar-21 11:04

Before joining in FAQ was given that any queries shall be posted on forum and indigolearn experts will revert through a email or at last through a call.. didn't happened but..


Vidyashree Hegde

Vidyashree Hegde

CA Inter

0

11-Mar-21 11:06

Before joining in FAQ was given that any queries shall be posted on forum and indigolearn experts will revert through a email or at last through a call.. didn't happened but..

If another student has already responded to the query and they have given a correct response there is no need for us to intervene. Secondly, please be assured, we read all forum postings and if students post incorrect responses we correct them, then and there. Finally, if we are unable to resolve your query on forums, we can schedule a call otherwise there is no need for a call


Sriram Somayajula

Sriram Somayajula

Admin

11-Mar-21 11:10

For indian citizen or indian origin who has income from foreign sources > Rs.15,00,000 then to be a resident => Assessee has to stay in India (365 days or more in 4 PPY +120 or more in PY)


sudha reddy

sudha reddy

Moderator

11-Mar-21 11:10

Ok sir thank you.. this was the first time i used this forum.. was not aware of that.


Vidyashree Hegde

Vidyashree Hegde

CA Inter

0

11-Mar-21 11:18

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