income tax

1. Residence And Tax Liability YOGESH SINGLA

4. Different residential status: YOGESH SINGLA Resident Ordinarily resident Not-ordinarily resident Non-resident

8. How to determine residential status of an individual YOGESH SINGLA

9. YOGESH SINGLA Step 1 First find out whether such individual is “Resident” in India Step 2 If such individual is “Resident” in India, then find out whether he is “ordinarily resident” in India. However, if such individual is a “Non-resident” in India, then no further investigation is necessary

16. YOGESH SINGLA Particulars Ordinarily Resident Not ordinarily resident Non resident a). Income due and received in India. Y Y Y b). Income due in India but received outside in India or income due outside India but received in India Y Y Y c). Income of a business outside India which was controlled from India. Y Y N d). Income due and received outside India. Y N N e). Past untaxed income brought to India. N N N

18. Plan Ahead! Have A Non ‘Tax’ing Year!! YOGESH SINGLA