Economics · Economy
Under the Income Tax Act in India, what is the primary basic condition for an individual to be classified as a 'Resident' in the previous year?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Having all Heads of Income originating only in India.
- 2Having an income of over 10 Lakh Rupees in the previous year.
- 3Staying in India for 182 days or more in the previous year.✓
- 4Being an Indian citizen, irrespective of the number of days spent in India.
Correct answer
Staying in India for 182 days or more in the previous year.
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