The Income Tax Act, 1961 governs the taxation of income in India. Income tax is charged on total income
for a given financial year. The financial year runs from 1 April to 31 March of the following year.
Residential status
The residential status of an individual for income-tax purposes depends on the physical stay of the individual
in India. Based on the period of stay in India in a given financial year, an individual may be classified as:
Tests of residence under the act
A. An individual is a resident in India if he stays in India for:
Exceptions to the above:
B. An individual is an NOR in India if:
C. An individual is an NR in India if:
NRI
An NRI is defined as a citizen of India or a PIO who is not a resident.
PIO
A person shall be deemed to be of Indian origin if he or either of his parents or grandparents were born in
undivided India.
When a mother writes a parole support letter to the members of the parole board…
It is common to see cheating at place of work. One would come across a…
Whenever a family writes a parole support letter for the offender, it makes a difference.…
Living in the campus has its own pros and cons. There can be various reasons…
A parole support letter is a letter that is written either by the incarcerated person…
In some cases, courts choose to sentence a defendant a probation over sending them to…