Economics · Income Tax
Under the Indian Income Tax Act, assessees are divided into which categories based on their residential status?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Indians and Foreigners
- 2Resident and Non-resident Indians
- 3Resident, Resident but Not Ordinarily Resident, and Non-resident✓
- 4Persons, Firms, and Companies
Correct answer
Resident, Resident but Not Ordinarily Resident, and Non-resident
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