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Mr . Prashant Shukla aged 3 5 years is a citizen of Australia and he is settled there. However, he visits India for 1 2

Mr. Prashant Shukla aged 35 years is a citizen of Australia and he is settled there. However, he visits India for 125 days every year for last 11 years. During FY 2023-24 HE VISITED India for a total period of 200 days. The purpose of his visit was to meet his family members who are settled in India and also for managing his business in Sri Lanka through his office in Chennai.
During 2023-34, he earned following income:
i. Income from business in Australia controlled from Australia Rs.20,00,000/=
ii. Income from business in Shri Lanka controlled from Chennai. Rs.16,00,000/=
iii. Short term capital gains on sale shares of an Indian company, received in Australia- Rs.50,000/- The shares were sold on line from Australia.
iv. Income from agricultural land in Australia, received there and brought to India.
v. You are required to ascertain Residential status of Mr Prashant compute his total Income taxable in India during AY2024-25.

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