Residential Status of HUF – Resident and ordinarily resident/ Resident but not ordinarily resident
INCOME TAX PROVISION
If Karta of resident HUF satisfies both the following additional conditions (as applicable in case of individual) then, resident HUF will be Resident and ordinarily resident, otherwise, it will be Resident but not ordinarily resident.
Additional conditions:
- Karta of resident HUF should be resident in at least 2 previous years out of 10 previous years immediately preceding the relevant previous year.
- Stay of Karta during 7 previous years immediately preceding relevant previous year should be 730 days or more.
For Numerical – Refer to Youtube Channel.
For Complete Course or Book (Videos on provisions, Numericals, Tests, Guidance, etc) –
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