The residential status of an individual, being a citizen of India, having total income, other than the income from foreign sources, exceeding fifteen lakh rupees during the previous year and is not liable to tax in any other country or territory by reason of his domicile or residence or any other criteria of similar nature shall be:
A. Resident but not ordinarily resident
B. Resident and ordinarily resident
C. Non-Resident
D. Deemed resident
Answer:A
The residential status of an individual, being a citizen of India, having total income, other than the income from foreign sources, exceeding fifteen lakh rupees during the previous year and is not liable to tax in any other country or territory by reason of his domicile or residence or any other criteria of similar nature shall be:
A. Resident but not ordinarily resident B. Resident and ordinarily resident C. Non-Resident D. Deemed resident