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 in the current financial year?

Options:

Correct Answer: Ordinarily resident

Solution:

An individual who stays in India for 182 days or more is considered a resident.

What is the residential status of an individual who has stayed in India for 182 days in the current financial year?

What is the residential status of an individual who has stayed in India for 182 days in the current financial year?

Step 1: Understand the term 'residential status'. It refers to whether a person is considered a resident of a country for tax purposes.
Step 2: Know the criteria for being a resident in India. One of the main criteria is staying in India for 182 days or more during a financial year.
Step 3: Check the individual's stay duration. In this case, the individual has stayed in India for 182 days.
Step 4: Since the individual has stayed for 182 days, they meet the criteria for being a resident.
Step 5: Conclude that the individual is considered a resident of India.

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