The residential status of a person is necessary to be known, as the tax liability is dependent on such status. Based on residence, a person can be Resident and Ordinarily Resident, Resident and Not Ordinarily Resident or Non-Resident.

For ‘not ordinarily resident’, the income which accrues or arises to him outside India shall not be included unless it is derived from a business controlled in or a profession set up in India. The following incomes are taxable in India –

1.    Income which is received or deemed to be received in India in the previous year by the assessee or on his behalf;

2.    Income which accrues or arises or is deemed to accrue or arise to him in India during the previous year;

3.    Income which accrues or arises to him outside India from a business controlled from or a profession set up in India;

4.    Income received outside India from a business controlled from or a profession set up in India.

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