Income Tax Provision
Resident and ordinarily resident/ Resident but not ordinarily resident
An individual is said to be a resident and ordinarily resident if he satisfies both the following conditions:
(i) He is a resident in any 2 out of the last 10 years preceding the relevant previous year, and (+)
(ii) His total stays in India in the last 7 years preceding the relevant previous year is 730 days or more.
> If the individual satisfies both the conditions mentioned above, he is a resident and ordinarily resident but
>if only one or none of the conditions are satisfied, the individual is a resident but not ordinarily resident.
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