Nayak, a non-resident, residing in US since 1990, came back to India on 1st April, 2020 for permanent settlement. What will be his residential status for assessment year 2022-23?
CS Executive · Tax Laws · PYQS · December 2022
Nayak, a non-resident, residing in US since 1990, came back to India on 1st April, 2020 for permanent settlement. What will be his residential status for assessment year 2022-23?
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B). Official source note: Nayak, a non-resident, residing in US since 1990, came back to India on 1st April, 2020 for permanent settlement. What will be his residential status for assessment year 2022-23 ? (A) Resident and Ordinary Resident (ROR) (B) Not Ordinary Resident (NOR) (C) Non Resident (NR) (D) ROR, NOR and NR all 80
Topics: Income Tax Act, 1961
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