Different Types Of Assessees

We know that there are different types of assessees like

Individual, Partnership Firm, HUF,Companies, AOP, BOI etc

All these can be further categorized into

1, Non Residents

2. Residents

For Individual /HUF,there is further classification of Residents into

1. Resident and Ordinarily Residents (ROR)

2. Resident and Not Ordinarily Residents (RNOR)

Why is determining Residential Status Important?

It is because Income tax rules for ROR,RNOR and NR are different,

Certain incomes taxable for all

Certain taxable for only Residents (both ROR,RNOR)

while others are only for Non Residents

In this chapter ,there are normally 2 types of questions

1.How to Determine Residential Status

2,Taxability of different incomes for Residents/Non Residents