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Following are the particulars of Mr. Shams for the last five years Year 2016-17 2017-18 2018-19 2019-20 2020-21 Days 50 53 175 192 95
Following are the particulars of Mr. Shams for the last five years Year 2016-17 2017-18 2018-19 2019-20 2020-21 Days 50 53 175 192 95 (a) Determine the residential status for income year 2020-21. 1.5 (b) What will happen if he stays 70days in year 2020-2021? 84 days in year 2019-20? 180 days in year 2020-21 with 360 days in total for the last four years? 2+2+2=6
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Answer is as follows As per Indian Income tax act 1961 A person is resident of India if any one of t...
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Cost Accounting Foundations and Evolutions
Authors: Michael R. Kinney, Cecily A. Raiborn
8th Edition
9781439044612, 1439044619, 978-1111626822
