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“Assessee” means a person by whom any tax or any other sum of money is payable under this Act. In addition, it includes – Every person in respect of whom any proceeding under this Act has been taken for the …
If the HUF is resident, then the status of the Karta determines whether it is resident and ordinarily resident or resident but not ordinarily resident. • If the karta is resident and ordinarily resident, then the HUF is resident and …
• The expression ‘control and management’ referred to under section 6 refers to the central control and management and not to the carrying on of day-to-day business by servants, employees or agents. • The business may be done from outside …
Resident: A HUF would be resident in India if the control and management of its affairs is situated wholly or partly in India. Non-resident: If the control and management of the affairs is situated wholly outside India it would become …