The Karta of an HUF is non-resident as he left India for the first time during the P.Y. 2005-2006. The HUF is managed from India. The HUF’s Status for the P.Y. 2020-21 is: ……….
A. Resident
B. Not ordinarily resident
C. Non-resident
D. Cannot be determined
Answer:B
The Karta of an HUF is non-resident as he left India for the first time during the P.Y. 2005-2006. The HUF is managed from India. The HUF’s Status for the P.Y. 2020-21 is: ……….
A. Resident B. Not ordinarily resident C. Non-resident D. Cannot be determined