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If a person is a resident in India, what is the basic condition for determining
If a person is a resident in India, what is the basic condition for determining their residential status?
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If a person is a resident in India, what is the basic condition for determining their residential status?
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The basic condition for determining residential status is the duration of stay in India.
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Q: If a person is a resident in India, what is the basic condition for determining their residential status?
Solution:
The basic condition for determining residential status is the duration of stay in India.
Steps: 4
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Step 1: Understand that residential status is about where a person lives for tax purposes.
Step 2: Know that the main factor to determine this status is how long the person stays in India.
Step 3: Check the number of days the person has spent in India during the current and previous years.
Step 4: Use the duration of stay to see if it meets the criteria for being a resident.
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