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What is the residential status of an individual who has stayed in India for 182

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Question: What is the residential status of an individual who has stayed in India for 182 days or more during the financial year?

Options:

  1. Non-resident
  2. Resident but not ordinarily resident
  3. Ordinarily resident
  4. Not applicable

Correct Answer: Ordinarily resident

Solution: 

An individual who has stayed in India for 182 days or more during the financial year is considered a resident.

What is the residential status of an individual who has stayed in India for 182

Practice Questions

Q1
What is the residential status of an individual who has stayed in India for 182 days or more during the financial year?
  1. Non-resident
  2. Resident but not ordinarily resident
  3. Ordinarily resident
  4. Not applicable

Questions & Step-by-Step Solutions

What is the residential status of an individual who has stayed in India for 182 days or more during the financial year?
  • Step 1: Understand the term 'financial year'. In India, the financial year runs from April 1 to March 31 of the following year.
  • Step 2: Check the number of days the individual has stayed in India during this financial year.
  • Step 3: If the individual has stayed in India for 182 days or more during this period, they meet the criteria.
  • Step 4: Conclude that the individual is considered a resident of India based on this stay duration.
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