How to determine the residential status of a HUF for the purpose of the Income-tax Law?

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ascertain whether it is resident and ordinarily resident or is resident but not ordinarily resident. Step 1 given below will ascertain whether the HUF is resident or non-resident and step 2 will ascertain whether the HUF is ordinarily resident or not ordinarily resident. Step 2 is to be performed only if the HUF turns to be a resident. Step 1: Determining whether resident or non-resident .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... only one of the aforesaid conditions will be treated as resident but not ordinarily resident. In short, following test will determine the residential status of a HUF: If the control and management of the affairs of the HUF is located (partly or wholly) in India and the manager ( i.e. karta or manager) satisfies both the conditions specified at step 2, then the HUF will become resi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X