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Which of the following is a criterion for determining the residential status of

Practice Questions

Q1
Which of the following is a criterion for determining the residential status of an individual?
  1. Duration of stay
  2. Income level
  3. Age
  4. Occupation

Questions & Step-by-Step Solutions

Which of the following is a criterion for determining the residential status of an individual?
  • Step 1: Understand that residential status refers to whether a person is considered a resident of a country for tax purposes.
  • Step 2: Know that one of the main factors in determining residential status is how long the person has stayed in that country.
  • Step 3: In India, the duration of stay is measured in terms of days spent in the country over a specific period.
  • Step 4: If a person stays in India for a certain number of days, they may be classified as a resident.
  • Step 5: Remember that this classification can affect tax obligations and other legal matters.
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