The residential status of a citizen of India, or a person of Indian origin, having total income, other than the income from foreign sources, exceeding fifteen lakh rupees during the previous year, who has been in India for a period or periods amounting in all to one hundred and twenty days or more but less than one hundred and eighty- two days will be:
A. Resident but not ordinarily resident
B. Resident and ordinarily resident
C. Non-Resident
D. Deemed resident
Answer:A
The residential status of a citizen of India, or a person of Indian origin, having total income, other than the income from foreign sources, exceeding fifteen lakh rupees during the previous year, who has been in India for a period or periods amounting in all to one hundred and twenty days or more but less than one hundred and eighty- two days will be:
A. Resident but not ordinarily resident B. Resident and ordinarily resident C. Non-Resident D. Deemed resident