Volume : IV, Issue : V, May - 2015

Residential Status and Tax Incidence under the Income Tax Act, FEMA and Companies Act

Dr Jyotsna I Patel

Abstract :

 The tax liability of an assessee is determined on the basis of his stay in India during the relevant previous year. If an  assessee is a non–resident in India, no income tax is charged in India on his foreign incomes. It must be remembered  that residential status of a person is different from his nationality or domicile. The scope of taxability of income cannot be determined unless the residential status of a person is determined. It has been made very clear in the Act, while defining the scope of the total income that  incidence of tax depends upon the residential status of a person.

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Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

DR JYOTSNA I PATEL Residential Status and Tax Incidence under the Income Tax Act, FEMA and Companies Act International Journal of Scientific Research, Vol : 4, Issue : 5 May 2015

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