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Under what circumstances is an individual considered a "Not Ordinarily Resident" (NOR)?
  • a)
    If they have been a non-resident in India for 9 out of the 10 preceding years.
  • b)
    If they have been in India for 729 days or less in the preceding 7 years.
  • c)
    If they have a total income exceeding 15 lakhs and stay in India for 120 days or more but less than 182 days.
  • d)
    All of the above.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Under what circumstances is an individual considered a "Not Ordin...
An individual is considered a "Not Ordinarily Resident" if they fulfill any of the three conditions: (1) They have been a non-resident in India for 9 out of the 10 preceding years, (2) They have been in India for 729 days or less in the preceding 7 years, or (3) They have a total income exceeding 15 lakhs and stay in India for 120 days or more but less than 182 days.
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Under what circumstances is an individual considered a "Not Ordinarily Resident" (NOR)?a)If they have been a non-resident in India for 9 out of the 10 preceding years.b)If they have been in India for 729 days or less in the preceding 7 years.c)If they have a total income exceeding 15 lakhs and stay in India for 120 days or more but less than 182 days.d)All of the above.Correct answer is option 'D'. Can you explain this answer?
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Under what circumstances is an individual considered a "Not Ordinarily Resident" (NOR)?a)If they have been a non-resident in India for 9 out of the 10 preceding years.b)If they have been in India for 729 days or less in the preceding 7 years.c)If they have a total income exceeding 15 lakhs and stay in India for 120 days or more but less than 182 days.d)All of the above.Correct answer is option 'D'. Can you explain this answer? 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 Under what circumstances is an individual considered a "Not Ordinarily Resident" (NOR)?a)If they have been a non-resident in India for 9 out of the 10 preceding years.b)If they have been in India for 729 days or less in the preceding 7 years.c)If they have a total income exceeding 15 lakhs and stay in India for 120 days or more but less than 182 days.d)All of the above.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Under what circumstances is an individual considered a "Not Ordinarily Resident" (NOR)?a)If they have been a non-resident in India for 9 out of the 10 preceding years.b)If they have been in India for 729 days or less in the preceding 7 years.c)If they have a total income exceeding 15 lakhs and stay in India for 120 days or more but less than 182 days.d)All of the above.Correct answer is option 'D'. Can you explain this answer?.
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