Can you explain sec 6 sub sec 6 part a, b from indirect and direct tax chapter no 3.
Asked by Sakshi Pareek Last Modified
Follow 0 
Answer 
In Income Tax Act1961 , in order to compute tax liability of any person firstly we need to determine the persons Residential status for that previous year under section 6 For Residence in India: person need to satisfy any one of the basic condition: 1. He/ she is in india for 182 days or more in previous...
read more In Income Tax Act1961 , in order to compute tax liability of any person firstly we need to determine the persons Residential status for that previous year under section 6 For Residence in India: person need to satisfy any one of the basic condition: 1. He/ she is in india for 182 days or more in previous year. 2. he /she is in India for 60 days or more in Previous year and 365 days or more during the 4 years Immediately preceding to the previous year. But there are some exception to the 2 nd condition. in which 60days will substitute with 182 days . These exceptions are as follows: 1. An Indian CItizen who leaves india for the purpose of employment outside india. 2.As a member of the crew of an Indian Ship 3. A person of an Indian Origin. read less
0
Comments
Sreemannarayana Mallela
Tax Consultant
Indirect tax contain many acts those are service tax exercise customs among which chapter.
0
Comments
Jayashree Pratap
For the computation of tax liability of an individual, H.U.F, LLP, firm, every other person, their residential status has to be ascertained in the first instance section-6 (1) deals with the basic conditions either one of which is to be satisfied to be a resident. Section-6- (6)- (a) deals with additional...
read more For the computation of tax liability of an individual, H.U.F, LLP, firm, every other person, their residential status has to be ascertained in the first instance section-6 (1) deals with the basic conditions either one of which is to be satisfied to be a resident. Section-6- (6)- (a) deals with additional conditions to be satisfied by an individual to be resident and ordinarily resident failing one of the condition makes an individual resident but not ordinarily resident. Additional conditions section 6 (6) a (i)resident in India for 9 out of the preceding 10 previous years. (ii)physically present in India for atleas 730daysduring the 7preceding previous years read less
0
Comments
Residence in India. 90 6. For the purposes of this Act,- An individual is said to be resident in India in any previous year, if he (a) is in India in that year for a period or periods amounting in all to one hundred and eighty-two days or more or (b) having within the four years preceding that year...
read more Residence in India. 90 6. For the purposes of this Act,- An individual is said to be resident in India in any previous year, if he (a) is in India in that year for a period or periods amounting in all to one hundred and eighty-two days or more or (b) having within the four years preceding that year been in India for a period or periods amounting in all to three hundred and sixty-five days or more, is in India for a period or periods amounting in all to sixty days or more in that year. A person is said to be "not ordinarily resident" in India in any previous year if such person is— (a) an individual who has been a non-resident in India in nine out of the ten previous years preceding that year, or (b) has during the seven previous years preceding that year been in India for a period of, or periods amounting in all to, seven hundred and twenty-nine days or less or (c) a Hindu undivided family whose manager has been a non-resident in India in nine out of the ten previous years preceding that year, or has during the seven previous years preceding that year been in India for a period of, or periods amounting in all to, seven hundred and twenty-nine days or less read less
0
Comments
Residence in India. 90 6. For the purposes of this Act,— An individual is said to be resident in India in any previous year, if he (a) is in India in that year for a period or periods amounting in all to one hundred and eighty-two days or more ; or (b) having within the four years preceding that year...
read more Residence in India. 90 6. For the purposes of this Act,— An individual is said to be resident in India in any previous year, if he (a) is in India in that year for a period or periods amounting in all to one hundred and eighty-two days or more ; or (b) having within the four years preceding that year been in India for a period or periods amounting in all to three hundred and sixty-five days or more, is in India for a period or periods amounting in all to sixty days or more in that year. A person is said to be "not ordinarily resident" in India in any previous year if such person is— (a) an individual who has been a non-resident in India in nine out of the ten previous years preceding that year, or (b) has during the seven previous years preceding that year been in India for a period of, or periods amounting in all to, seven hundred and twenty-nine days or less or (c) a Hindu undivided family whose manager has been a non-resident in India in nine out of the ten previous years preceding that year, or has during the seven previous years preceding that year been in India for a period of, or periods amounting in all to, seven hundred and twenty-nine days or less. read less
0
Comments
Akshaya Nayak
Economics
In simple direct tax means direct tax pay to government but in indirect tax public will pay tax indirectly. Example: Value added tax, house tax etc.direct taxes are different tax amount pay by people.
0
Comments
As per income tax 1995 ,Under sec 6, s residence in India for the purpose, subsection 6 ,a person is said to be "not ordinarily resident" in India in any previous year if such person (a)- an individual who has not been resident in India in 9/10 years been in proceeding that year or has not during the...
read more As per income tax 1995 ,Under sec 6, s residence in India for the purpose, subsection 6 ,a person is said to be "not ordinarily resident" in India in any previous year if such person (a)- an individual who has not been resident in India in 9/10 years been in proceeding that year or has not during the 7 previous years preceding that years ,730 days or more. (B)- Hindu undivided family whose manager has not been in India in 9/10 yrs preceding that year or has not during the 7 previous yrs preceding that years. 730 days or more. read less
0
Comments
View 5 more Answers
Related Questions
How to learn English in 90 days? 
It is quite simple. Always start with the basic conversation skills. How to talk in general. Apart from that try speaking only in english for which you may use translator but speak in english continuously...
17 Which are the best course for getting job opportunities in a private bank after MBA Finance and marketing fresher?
Greetings of the day! If you have completed your M.B.A or awaiting results, you can directly apply through the "career" section on the bank's website itself. Most of the banking jobs involve both sales...
I am looking for a part time job in terms of training and Education Management. I am a Senior Consultant and I will be available on weekends. Let me know if there are some openings around.
HI, Let us know what are the subjects teach, I have the Part time opening for Teachers Like: SAP, SAS and Hadoop etc..
I have completed my graduation BBM (Finance) in 2016 July. Since july I was tried many bank exams but non of them was cleared now what I should do?
Hi, Realising at an early stage of you want to quit from writing Bank examinations is good to some extent. But you didn't mentioned how many times you had written the bank Exams.Try again with your full...
What is the difference in syllabus between BA and BBA in Mathematics, especially for the first year syllabus?
BA/B.sc Mathematics are real one whereas BBA Mathematics is just a applied consequence of real Mathematics. BA/B.sc Mathematics will contain vast syllabus with tough topics but BBA Mathematics will contain...
Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com
Ask a QuestionRelated Lessons
Accounting Policies
Definition: Accounting Policies refer to specific accounting principles and applying those principles adopted by the enterprise in the preparation and presentation of Financial Statements. Need for...
Key Tips On How To Study Smart
The study is a method in which we gain knowledge which in turn leads to the broadening of our mindset and the significance of it is that we implement this knowledge in our daily life which is called common...
What Is The Difference Between VAT And GST?
Q: What is the difference between VAT and GST? A: Following are the basic differences between VAT and GST: VAT was leviable only by the respective State Governments, while GST is leviable by Central...
Income From House Property
Section 22: Basis of Charge Section 23: Computation of Annual Value Section 24: Deductions Section 25 : Unrealised Rent/ Arrears of rent Section 26 : Co-owners Section 27: Deemed ownership BASIS OF...
Tips while solving LPP using Simplex Method
1. Delta j under unit column are always zero. 2. Calculate z while doing row operations. 3 in regular simplex method, in initial table delta j are the negative of Cj. So there is no need to calculate...
Recommended Articles
The Trend of E-learning and it’s Benefits
E-learning is not just about delivering lessons online. It has a much broader scope that goes beyond manual paper or PowerPoint Presentations. To understand the reach of E-learning and how the whole process works in developing the Educational system, we will discuss a few points here. Let us find out how this new learning...
Read full article >
The Rising Problems in Indian Government School
With the mushrooming of international and private schools, it may seem that the education system of India is healthy. In reality, only 29% of children are sent to the private schools, while the remaining head for government or state funded education. So, to check the reality of Indian education system it is better to look...
Read full article >
Top Benefits of e-Learning
With the current trend of the world going digital, electronic renaissance is a new movement that is welcomed by the new generation as it helps makes the lives of millions of people easier and convenient. Along with this rapidly changing movement and gaining popularity of Internet, e-Learning is a new tool that emerging...
Read full article >
Science, Arts Or Commerce - Which One To Go For?
Once over with the tenth board exams, a heavy percentage of students remain confused between the three academic streams they have to choose from - science, arts or commerce. Some are confident enough to take a call on this much in advance. But there is no worry if as a student you take time to make choice between - science,...
Read full article >
Looking for BBA Tuition ?
Learn from the Best Tutors on UrbanPro
Are you a Tutor or Training Institute?
Join UrbanPro Today to find students near you
