Is The Residential Status Of A Person Relevant For Determining The Taxability Of The Income In His Hands?
Is the residential status of a person relevant for determining the taxability of the income in his hands?
Free Legal Advice - taxation
Posted by: Dheeraj Wadhwa
Posted on: 2018-09-04
Yes, the residential status of a person earning income is very much relevant for determining the taxability of such income in his hands. Taxability of any income in the hands of a person depends on the following two things : (1) Residential status of the person as per the Income-tax Law; and (2) Nature of income earned by him. Hence, residential status plays a vital role in determining the taxability of the income
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