Who among the following may have status of “Resident but not ordinarily resident”?
Question and options
Who among the following may have status of “Resident but not ordinarily resident”?
Association of persons
Company
Hindu Undivided Family
Partnership firm
Answer and explanation
Correct answer: C - Hindu Undivided Family
Section 6(13)(a) of the Income-tax Act, 2025 allows only an individual, or a Hindu undivided family judged by its manager's residence and stay in India, to be not ordinarily resident. A firm, an association of persons or a company is either resident or non-resident.
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