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Case 1 : Determine the residential status of Ms. Vina for the Assessment year 2019-2020 based on the information given below: 1) She has left India for the first time on 10 August 2006, post this she has settled out of India 2) She visited India in the duration of 2009-2018 every year and stayed for a duration of 150 days. 3) In 2019 she came to India on 05 March 2020 and stayed till 13 November 2020.?
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Case 1 : Determine the residential status of Ms. Vina for the Assessme...
Residential Status Determination for Ms. Vina for AY 2019-2020
1) Date of Leaving India
- Ms. Vina left India for the first time on 10 August 2006 and settled abroad.
2) Visits to India from 2009-2018
- She visited India every year from 2009 to 2018 and stayed for 150 days each year.
3) Visit in 2019-2020
- In 2019, she came to India on 05 March 2020 and stayed until 13 November 2020.
Based on the above information, Ms. Vina's residential status for the Assessment Year 2019-2020 will be determined as follows:
- Ms. Vina left India on 10 August 2006 and did not return until 2019, which means she was considered a Non-Resident in India for the Financial Years 2006-2007 to 2018-2019.
- However, in the Financial Year 2019-2020, she visited India and stayed for more than 182 days (from 05 March 2020 to 13 November 2020). This indicates that she qualifies as a Resident for FY 2019-2020 as per the Indian Income Tax Act.
- Moreover, since she stayed in India for more than 60 days in FY 2019-2020 and for more than 365 days in the preceding four years, she will be considered a Resident and Ordinarily Resident (ROR) for tax purposes in India for AY 2019-2020.
In conclusion, Ms. Vina's residential status for the Assessment Year 2019-2020 is Resident and Ordinarily Resident (ROR) in India.
1) Date of Leaving India
- Ms. Vina left India for the first time on 10 August 2006 and settled abroad.
2) Visits to India from 2009-2018
- She visited India every year from 2009 to 2018 and stayed for 150 days each year.
3) Visit in 2019-2020
- In 2019, she came to India on 05 March 2020 and stayed until 13 November 2020.
Based on the above information, Ms. Vina's residential status for the Assessment Year 2019-2020 will be determined as follows:
- Ms. Vina left India on 10 August 2006 and did not return until 2019, which means she was considered a Non-Resident in India for the Financial Years 2006-2007 to 2018-2019.
- However, in the Financial Year 2019-2020, she visited India and stayed for more than 182 days (from 05 March 2020 to 13 November 2020). This indicates that she qualifies as a Resident for FY 2019-2020 as per the Indian Income Tax Act.
- Moreover, since she stayed in India for more than 60 days in FY 2019-2020 and for more than 365 days in the preceding four years, she will be considered a Resident and Ordinarily Resident (ROR) for tax purposes in India for AY 2019-2020.
In conclusion, Ms. Vina's residential status for the Assessment Year 2019-2020 is Resident and Ordinarily Resident (ROR) in India.
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Case 1 : Determine the residential status of Ms. Vina for the Assessment year 2019-2020 based on the information given below: 1) She has left India for the first time on 10 August 2006, post this she has settled out of India 2) She visited India in the duration of 2009-2018 every year and stayed for a duration of 150 days. 3) In 2019 she came to India on 05 March 2020 and stayed till 13 November 2020.?
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Case 1 : Determine the residential status of Ms. Vina for the Assessment year 2019-2020 based on the information given below: 1) She has left India for the first time on 10 August 2006, post this she has settled out of India 2) She visited India in the duration of 2009-2018 every year and stayed for a duration of 150 days. 3) In 2019 she came to India on 05 March 2020 and stayed till 13 November 2020.? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Case 1 : Determine the residential status of Ms. Vina for the Assessment year 2019-2020 based on the information given below: 1) She has left India for the first time on 10 August 2006, post this she has settled out of India 2) She visited India in the duration of 2009-2018 every year and stayed for a duration of 150 days. 3) In 2019 she came to India on 05 March 2020 and stayed till 13 November 2020.? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Case 1 : Determine the residential status of Ms. Vina for the Assessment year 2019-2020 based on the information given below: 1) She has left India for the first time on 10 August 2006, post this she has settled out of India 2) She visited India in the duration of 2009-2018 every year and stayed for a duration of 150 days. 3) In 2019 she came to India on 05 March 2020 and stayed till 13 November 2020.?.
Case 1 : Determine the residential status of Ms. Vina for the Assessment year 2019-2020 based on the information given below: 1) She has left India for the first time on 10 August 2006, post this she has settled out of India 2) She visited India in the duration of 2009-2018 every year and stayed for a duration of 150 days. 3) In 2019 she came to India on 05 March 2020 and stayed till 13 November 2020.? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Case 1 : Determine the residential status of Ms. Vina for the Assessment year 2019-2020 based on the information given below: 1) She has left India for the first time on 10 August 2006, post this she has settled out of India 2) She visited India in the duration of 2009-2018 every year and stayed for a duration of 150 days. 3) In 2019 she came to India on 05 March 2020 and stayed till 13 November 2020.? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Case 1 : Determine the residential status of Ms. Vina for the Assessment year 2019-2020 based on the information given below: 1) She has left India for the first time on 10 August 2006, post this she has settled out of India 2) She visited India in the duration of 2009-2018 every year and stayed for a duration of 150 days. 3) In 2019 she came to India on 05 March 2020 and stayed till 13 November 2020.?.
Solutions for Case 1 : Determine the residential status of Ms. Vina for the Assessment year 2019-2020 based on the information given below: 1) She has left India for the first time on 10 August 2006, post this she has settled out of India 2) She visited India in the duration of 2009-2018 every year and stayed for a duration of 150 days. 3) In 2019 she came to India on 05 March 2020 and stayed till 13 November 2020.? in English & in Hindi are available as part of our courses for B Com.
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Case 1 : Determine the residential status of Ms. Vina for the Assessment year 2019-2020 based on the information given below: 1) She has left India for the first time on 10 August 2006, post this she has settled out of India 2) She visited India in the duration of 2009-2018 every year and stayed for a duration of 150 days. 3) In 2019 she came to India on 05 March 2020 and stayed till 13 November 2020.?, a detailed solution for Case 1 : Determine the residential status of Ms. Vina for the Assessment year 2019-2020 based on the information given below: 1) She has left India for the first time on 10 August 2006, post this she has settled out of India 2) She visited India in the duration of 2009-2018 every year and stayed for a duration of 150 days. 3) In 2019 she came to India on 05 March 2020 and stayed till 13 November 2020.? has been provided alongside types of Case 1 : Determine the residential status of Ms. Vina for the Assessment year 2019-2020 based on the information given below: 1) She has left India for the first time on 10 August 2006, post this she has settled out of India 2) She visited India in the duration of 2009-2018 every year and stayed for a duration of 150 days. 3) In 2019 she came to India on 05 March 2020 and stayed till 13 November 2020.? theory, EduRev gives you an
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