Residential Status Archives | H&R Block | Blog

Residential Status

February 16, 2015

Residential status and its relevance on taxability of income – H&R Block

Income arising in India is taxable irrespective of residential status of a person. However foreign income is taxable for Indian resident and fully exempt for non-resident.  In this article, we explain when Indian income or foreign income is taxable as per Income Tax Act. Taxability […]
February 5, 2015

Understanding Residential Status as per Income Tax Act.

An Individual is said to be a resident Indian for the purpose of Income tax if one of the following Basic conditions are satisfied. An Individual is in India for a period of 182 days in the financial year in which he is getting his […]