Deva being a person of Indian origin came to India on 5th June, 2022 and remained in India till 31st March, 2023. His income in India from business up to 31st March, 2023 is ₹17 lakh and his income in Australia for the s

CS Executive · Tax Laws · PYQS · June 2023
Deva being a person of Indian origin came to India on 5th June, 2022 and remained in India till 31st March, 2023. His income in India from business up to 31st March, 2023 is ₹17 lakh and his income in Australia for the same period is ₹20 lakh. He visited India every year for 100 days stay for the last 10 years. What is his residential status for the assessment year 2023-24?
(A) Resident and Ordinarily Resident
(B) Non-Resident
(C) Deemed Resident
(D) Resident but Not Ordinarily Resident

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D). Official source note: Deva being a person of Indian origin came to India on 5th June, 2022 and remained in India till 31st March, 2023. His income in India from business up to 31st March, 2023 is ₹ 17 lakh and his income in Australia for the same period is ₹ 20 lakh. He visited India every year for 100 days stay for the last 10 years. What is his residential status for the assessment year 2023-24? (A) Resident and Ordinarily Resident (B) Non-Resident (C) Deemed Resident (D) Resident but Not Ordinarily Resident

Topics: Income Tax Act, 1961

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