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
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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
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Sreemannarayana Mallela
Tax Consultant
Indirect tax contain many acts those are service tax exercise customs among which chapter.
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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
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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
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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
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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.
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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
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