eo _Nome- Psajyakt+oa Garesh Ghadage- ROW No.- 2amB049 CAD 7 __ Subyect- Digeck —raxahon QD _jhot is the meaning oF sesidenthad Stas} Yow iS i+ AS+EEMI Ned 19 Cove OF | Lan jndiniducsS dl meaniang- “he eer Eesidentay Stosus ha been defined undee +e income +ax\aWS OF TEndia & must mot be ConFuSed cot On jndwiduals Ciizenshie inaadia. Bo Todiwiduas may be a ahzen OF Endia bur MAY end UP Ding Anoo- Eesident FoE A PASH CLADE YEOE- @ DELeEmined IFN Care OF An InaWidue. | BS Ad individuals itis ImMPpoEtan+ FOE You +o aSSess Yue Eesiden+Ha\ Stosus Ana tne Same 90 FOE tHe IOCOmeE -OK DeecabtMen) GW Wely. Me Ea¥onale Seing undeeStan ding +e EeSidentia) Status is ame FiESt SYEP +oc~0eAS O hassle -Fece 4ax Filing GSeaSonm Ahead. BS oO mmasyre& OF Facts mp0S+ OF the OrMCE StESS CF ASSeESSing +oxes % Siting Eetuens of heavily depesdent on he EeSideohay! SIMS 5 YOU MIQh} End UP PAHING mMoEe +OxO OF Even Ber inte Some UACHOELEZCA +eFEICFOEY at You dens _ Mecessa&i\y coant +o be a post OF F Wow CANT: Find my Bosidenhal Stasus @ scanned with OKEN Scannerisa . Question “heat coould. aeKioisey UP THE in come “ran deCoeresensy bt Ourised AFeco CasegoBies OF Eesiden+as i Sams based o5 +e Amount oF Hoe tay an indiwidual SPends Jot+ne CoUd+Euy. TES YOU Cant An ansceé +o the Questhorn GF how +o Check Eesidentas SOUS > +He Pollo coing, Aerailed SYEPS Gili | INAS YOu +o AereEmine Yous Fesiden+has SraIUS- Once YOu ACLEEMINDNE COHad YOUE Sesidenar Stars iss undeestandiaa he | Ax Code % YOUE -rox Liabivity becomes that PQLCH CANCE. OF COUELE{ AECendaing OF YOUE, esi HO) SFOS .+rhHe tem Vabiiity coi A\so Change. IE as Indiwidual QuariFies Aso Eeriden| OF —EndiashelShe coin be taxed onjweie_ ro+o Qoisa\ inMme In-+ne CMUDTEY.O | COE\\ OD _AIFFEEEDY SOUECEs OF InCome AboaH However, iF YOU have Paid +axes in tne _ sSCeCHVE COUNTESS 5 YOU might Coan} +o look Foe OTAR bermeen =Enaia 4 ne | | COUn+YEN 19 QUeESHono. an ia tt | __ WoweNee Jie YOU QUAIAL AAROD- | _| Besident YOu Gourd only Heed +o Pay tQx@s OF. HOLE =ENdian sen come. Any. a SOUL|Ece OF iMCome that YOU have oudside oe Countey doe not affect UCU ax \iniity. WEEE IS Heed YOU Can Find Out Youe Eesiden pad Status OEIQIDNA\ Conten+ _nre dekeE ming -the EMidenthal Staius | @ scanned with OKEN Scanner_| Coline AHeé +e indiwicuas is Eexrident Of {Mon -Eerident £ Step 2 coy) arceeoain | OEADAEi\Y Eeridentr. _| Sree 2. YAS indiwicuarsrhe Fiesty SEP iS OCOCRENOND COhHEAHEE Heis Eesident o€ Mon -Eesides) are he + > Be o_% _ Eesideny sn eo tHe Dex} SteEP iSto asceas-_ “MD copnetnee he iS Earidenh & cEAINDE Ny Eesident 08 1S 4 EQGident buck mot CEAIDG- ~ENY E@ideny. i Stee \- en be\ocd Co\l\) as CeE}QID Coher ret he is c€dinabi\y E@ident Of Hod S10 be PEETOCEMed oniu if + InAividuas MEDS +o bea Eerident jindiwicua)s coin be +eeared C4 a Eoxident Ste \- DELEErmiDIiNG CoHertHeE Earident OF meon- Eesiden+ under tne wn come 30% Lote. AR im —Endia FEA YEA iF he Sansries asy OF Ae PCONOWINGA Condaitons (i-e: may Samhs Fy any One CF May Saksey both she, Condimons. He is in tEndia FOE a PeBiod GF \e2 dan CE mmgee AUTEN -+Hhe PEeNViouUD YEak® Soe We ig in tendia FE a PeEiod OF Go days OE. mMoé=e Ausng the pEeviots YAEL WE 2 PeEiod SCF B6e dausS CE MoEe in GUMS) lmrmedto+ely PEeceding -+he Eevlevan} | PEenious Yeaé. | EF AD jndintdua)d does not Sakseuy Ady CE Ane Above Condijjons he opiiy be a @ scanned with OKEN Scanner—SEnGia Ausing tne Yeas if he sah SHES _2- Deresmni TINS helnes Eesideny S SEAOAENY Serident OF E@ident but Sot CEMDAENY Earident 7 B_Besident individual COW be teeatal a 03 _Eesiden} Saedinogsily Fe ident is A Tey Fo\iocwing candiion: Sime is sesidesy in sala Eefot leak 2 Weak CULE lo ueaes impmediasely Secedin Be a ee. ee Di Wis stay iy =eadia i FOE Bo days o& moee Quting TMHEQAES Immediazxe\y PBece ding -+ne Eelevant Uae. _ PF Sesidenty indintdual coho aces mee SANseu anu OF tne aPosesaid 7 COMAIMOOS CE SARSTIO ONY One oF tHe ACOEE SAA Conditions Coi\\ be +zceated as Besidend luk dot CFdinGe\YW Eesiden}. | Eq SHE, Footing ates+ Gir | SekeEMmIine tHe EGidenta status chan indiwi dual: [re te indinidual Satisfy anu one syep \S sats Fie mone o& + ine coin become sexdent bu OF bots =the Conditions Specified at _ OS ConAiton specified at Stee 2, Hen CE AINABNY Eesidenty 39 ceEndig re tne individua)d SaksFu {OME CE both +He Conditions specified at Sree \& SaNXSEiey Mone OF ONE _Condartion @ scanned with OKEN Scanner| seecicied ay step 2, shen pe coiN\ a Eesiden+ + not c&dina&iy Eesident Wide) Sodtseu | +0 ne Conditions SaksFied at step ane. tren INE COiW BeCOme MOD -Eesident _ - “Me Above Steps Showd he\p You __ | Iden Gu hod +o do+eEmine Eesiden kat LSkOIUS isthe Fist syep You a&e the Viat\e +o PAU -raxe, as pee tye Income L-rox Slolo.- EP oencome in=radia Chan ner is \ess nao 2,560,600 he is not Eequiéed LO Fle ECVE jn srodiq. Fotos diag Besideny itis Compulsoey to File Seuss OF \moome IF bis Bloba\ \ncdmne hay exceeded 2 <0 ove. oa ot ~xoU CAR AWas\ Vatious excep-Koos § Aedu chens -+o Beduce Yous ax fabili TU: mere include ShoEt++teErn & \o0S +eErs lones*mensts jax c&edit Ss health \nsutance rc. YOUE +0% liability iS +tnmen Corculased OF +e Det tQRxAb\E IMCorpe & You muyy Pay ne Same FOE “tne Fiscal Yeak® in Question: You Com Par rox ertner, | os+ps Cray Deducred OF SovEce 5 Pavance crax c& self PssesSsmens _ Tex. age eequweed” -+o File oO +0% BOmiED FOE _ [roe “Fiscal UCGE Cohich Essen hoy __ Aoctumnents all me det+a3)\s Suc ¥ Souece OF income, deduchons 2 taxed ___ aid ere. - ——— @ scanned with OKEN Scannera leefees 4c +9 income ed€ned O& Eevenue Dicencome desiwed sor O9S Cu \VEA) land 4 Commescias PEoduce | _ FEO A ho&NCul\ Mea) land AQECU EO) _ Amis Sections AQE Gul TEA) income is aD Lexemey FOE OQEGuITUEe Income & On. _ OSE CUVEE INCOME CoH ten example? | — SED TENGIOs ABE CUNT EAL LS Come (Sleeved Fors SOUECES ats include POEM INg, land 5 buildings on 0& ideonPCied With an income is defined undes Section 2s of Lathe income Tex HCY I961. BCCOEdI Ng 0 _Benesany means. (d HOY Een} OF Tevenue Aewved FEony land Cohich iS Situated india iS Used FOE O95 Cultuza) PUE- | -PoseS . (> Bny income ab butable +o a FOEm howe Subject} +o Saks cachken OF Cetsaiqg condihoos Specified instwis LEe9020 In Secon 20\8). (A Bou income | AcEWed FEO SUCH land by age cu\tuse | loPeEaXOns. Weludiag Peoce SSing_ oy ASE Co\EO) Produce So as +o Sendee ib Fis COE He moexet CE Sale OF Such | Peoduce. (d) B94 income deEVEA FEors _ SAPDIN|AS 0€ Seed NingS QeoWdn in anu Eseey shha\\ be deemed +o be 998i Coreod Income. Examples OF BAECUVWMEQ\oEncome | The Fonowing’g Ae Some oF Ane CxOmPpleS OF OS EiCu\TVEQ in Corme? OF eepianied Eee. @ scanned with OKEN Scanner| ~—s S —EAcome FEory sae oF Seeds. ¢ Xd Rent Beceined FOE ABECUU EA) land. - EN Come FEO Qzocwing Flocoees. R ceeepews SD) PEOF MS Eeceived som a Paz es FEO 1.2 Fites engaced in agticu\tucal PEoduce SB Actin 29999ed 19 agEcul\TuEa) oPeEc Eeceives- | ExempleS OF Non - ageicu weal =oncome: He _Foryocving AEC Some OF -ne = an examples OF DON - ODECutusA) Income: » TEncome For PoOUurrEy FAERMINg. D) EM come Eom bee hiving. D| Any dwidend Anat an o&sanizehon P14sS FEoss 14S AMES Cu Musee income. | orn come FEom -+he Sale OF SPontane aul | DECOM “FECES - Q=EoCome PEOan daisy Fa&ming. a ___ ®|=racome C&orm Solt PEodUCed aftes tne land na Pieeded coitn Seo Coases. © Ree OF standing c&op. oe RoYa\t income Form mines = D|\=En come Sgonn buisee & cheese maxing. \O) Receip}S CEom TY Seal Shooting 15, Ede Hole 24 QD] oiscass tHe Com awionS Eelaied +0 ayowiog — OF intesrmsy On Do=E Owed Capita) LIS 246) OF income tax ACt Chile Comeutng hewwe peopeety imCome a @ @ scanned with OKEN ScannerTEocome FEOm Howe PECP EE. | The Fo\otsing income Coi\\ be sraxable Uundeke he head bemceme Feo Howe PEoPeEM' SF tre Tem come TAK Sct 5 \96\. Rental sEacome 90 Oo let OUT psoeeeny, e@ Honua\ value oF S PEOPEETUA COW ich 5 \deemedt-to be \e+ Our FOE lancome +o PuEroses (cohen HOU ACoD OES AR $c00 howe PECPEEM- © me Annua) Na\ue CFO sei occupied PEsPes) iS ie 7 Me anoual Vale SEO Se\F -occupied Peceeety iS ZeeG COE CAN CVED bE anesative if home joan totetesy 1S Pid. ore the PEoPeety iS le} Bout, irs Eent Eeceived AS YOouE GEOSS Hanuas Varue- GoE~EO Geemed +o be ler outs PECCEEM5 A EeaSonable Eso} SFA SimilOE piace 1S | Youe Géo: Foeua) Nolue.- e [Deductions Undee House pEoeCETM. @ | Municipal -rax- Municipal -roxes is +e annual amount Pad To.-+ne enunicipal COEPOEGHON OF +nat ABEqQ. MUdICipal +axKe» lose +o be deducted FEonm+ne GEosS _ Bonua) vol\ue to detive +he Net ANnNnuad Na\ue oF tne house PpEoPee ty. Deduchon OF municipai taxis avocwed ony if i+ |ines been boEne bu tne Cwnee & CID _ Aaverns +har Financial WeaE.- aa e|Standaed Deduction- @ scanned with OKEN Scanner—___Srandasd deductoen is 307 oF +he Ne Anoua)\ value Caitulated Above. S Boy. deduction is a\jocoed even Cohen CUE ACA) Expendituse On-+He PEoPetty. SINIOQHCE CE loweE. ete FoEe jis Aeducton is iskespectve oF +he actuay exPenatmwee YOU may have incutEed ON IMSUEANCE 5 ESPCS3 5 L\ECTEI CTY Coasyes Suec\y yc. FOE _ A Se\E-ocCupied House PEOPEENM Since +ne Annual value is Nil “the Standosrd deducthon isa\so zeso On _| Such oa PEoP ee. Deduction CF TESteFOxy OD Wome Loan Fort Ame PeoPeety- Worn eotone. CAD Cloies oO Aeductos oF up +o RS. B\aKh om +Has home loan int+eE@t i€ +he oWneEe OF His Family Eeside intne house peceesty. Mme Some +beabmentd AP PIE) Cohen the howe IS vacant}. TEF YOU have Eented out tHe PEOP CETUS +e ESHES \oxrebest onthe home loan is ayo ced ax a deductoan rouse deduction anintetest iS limited +o Re. 30,000 IF You Fas\+o Mees O0U oF -+he condifions Owen belo FOE ane RS. 2lach Eebare- Tine home loan Mot be FoE-+ne PUECHOLe &% cons}Euchon oF a PEOPSE WM: = The \can mivt be +0)4en OF OF OFYEE | apsi\ \o99. = Me PUECH GE SE CONStENChoo must be completed Within S Yeas FEM +ne end ob she Pimancia) UAE IB COHICH the loan @ scanned with OKEN Scanner| cous aren z PES COnS+EUChen sEoyeE ex} \Ainen You have -raKen aloan foe the PUSCHALe OF CONStEUCHSD CFA Koure PEoCeety. HOU CON Claims adeduckon on | RPEE~ CONSt Eucthen jinmrebesh -Howeves anis is mot a\rowed in the case oF the loan FOE EepaiEs OF EEcons+euche. “Wwe +oral amounh oF PEe- cons+suy —cHon inteéest £ \otetest 09 O housing \oan Har COD be Claimed In ayené Sho- ~uld not exceed BS 2\AaKb In Any Care THe GeducHen Fos nis interest is anowed ia SEQAUAS instalments StHAEHAG FEO He HEQAEID CoWNICH He Howe is PUECHaLed Ob rhe ConsfEuction is completed. Foe example siF tHe COnstEuction OF YOUE PEOPEETW Completed in Pr 2022-23 on Tune 2022, YOu Con Ciaian \/oth oF lIntee@s+ POId US HI BiMaECH 2022 Cohen You File UOUE ECMEN FOE FY 2022-23. = Compuyonon oF TEncome Uundee Howe PEoP eet. Sau, APeéson SePays a how ing loan OF RS: 4lakh Annually Oux oF Cobich RS 2 \akh is tre tnteégext Component He hos isa incuéEed a PEe- CONSTEUCHON joxyee@s OF RS 3 lakh. He iS CaGning RS F009 Monthly FEO oO ler -OUdy PEoweETY £_ AISo PAYS RuUNIC!i Pal +axe OF RS: Qos: FOE the hole. Let's calculate his income @ scanned with OKEN Scanneri TUPe CF Howe PEccesty. | See Lex — occupied | Ou ——_|GEOSS Annualwaiue CRent | NIL 84,060." Paid - 060 % 155 ! Less- Municipaltraxes OF Lowes ooo FToxes Paid To loca) CuurhHobi- ~Wex ‘ | Net Anoual value (ney | miu | g\iore- res ~Standosd Deduction nN 24.20> (30% oF NAD Less-mnte€est GD WOUWI8G |2.00,006 |2.00,000 loan Less- PEe -cOnSFEYCHOD 60,000 | 60,0c0 insesey (Vist OF SLakhs) TEn come FEor House PEOPEEU) 260,000 | 2,603,200 | | oNeza\s \osS Eearywsicred to. | 2..00,000 {2:00.00 | fj Remermbeb, tne maximum joss Ser OFF allowed ina Pinancial Neaé iS limited jo RS D\AKb “Mme EEMaining \oss @ scanned with OKEN Scanner| CAN be COEEed FoECOaEd 40: — SEXED in Sota\. Wocoever, in tess SF _ —MEXE>ss HY Can only beset oF} EEOG Income FEO howe pEopeE Ty: a QD Shoet Note. | Who is aSsesse in decals Assessee-in-deFaul\hs iS O PEESON Coho _ Line Failed +o Fuleil his Statue obligation las Pee the Income tox act SUcHas Rot PONG “Faxes +o tne Gov esoment SE Not FIMOS hiS income +ax EQuED. FO& exannples an e@mpl\ouce iS SUPPeSed +o Peduct +0x@ PEom-ne Sa\asy OF HIS EMP\CYLR befoee AdisbUsSING tHe Salazy. Ta ac . ‘ B) anak is a casual income? ft CouUua! income Cathe Bane Suggests, IS NON - EC CUEBING in natUke. “HS an income hich is CAENed HY Chance 2 Not | MMely 40 OCCHE AQAN In O 4YSQE. Mis Caen 0g is NeitheE ANHCIiPated NCE PEovided HE in any, OOECE™Ment. __|Fot example, incomes FEAR BWwinning \ot+2B > 5 COE GOM6) 5 Game SHOWS . 7 hoESe EQce>, CEOSSCOOED PUZzles OE 954 _|O+nee Barnes Come UndeE Caruads incomer ___| Lot+e gies include Winning money theouak PEizes > by dEacwingsF lots o& by Chance. _ __| 2 Caed Game) OF OME E Game include _ any Same Shoes be isan entestainmeny PECOEAMH ON relevision o& ClectEonic medium @ scanned with OKEN Scannerin ce Sich. eeosle aise PAEs in A Compethon he Peequens jJuncestain & not 5 Fixed. & Ara RCaE+ Feo jes eS LANNY incom conte bis Unanhcipased * anat i is Seemed incomeD oaceome Cohich is considesed +o be Tanailabte PE We by Od individua)d Esgaed- -\ess oF actual eeceips. | Exelain y~ne deduction vIs 80 09 Section ScD oF +He ENCcome TAX HC, a \ge\ ofreceS Aeduichoen FOE money spent _ on health inSusance § Maintaining Youe healtns & iS Signi¢i cant FOE Uoue +a% P\anning 4 Pe—sonal Finance. Moneu Spent a PEEemiur FOE Meads insuktance Policy. moneu Seent on healyncaee oF Farsi membeES including Patents : Tone SPEDE ON Maintaining a health Insueance Polio. CAN be C\Oimec lundes Secnon 80 ©. me amount is limited by rhe age OF the inSused Undeé -he Pla hese EeStéictons apply +o pecpie (insured, undes he Police) AGed belocs BO UEdES = Within -+He Said limits: _Q-S| Sutey iS employed in pani £ is dsawin RS. $0,000 | Pee Month as SQiaEy. Besidey ibe QoS one Month Saloéey4 C3 bonus. He IS _| Owen an option by +he employees Ctthes |+o0 accees HRA CEA Eent -FEEe ACCOmMmO- -Boriom Which iS Ocdned boy +e Emp\oucée. __|uee is pauable © RS. 10,000 DeE month. _ _ | RBavise Sut hs Cohethee i+ Coould be bene Ricio) FOE Hien +0 avai] HRA OE Eent-_ FEee AccCoOmMmoedaton PEovided by -+he opted Foe Secon NoeAC OF the ncome +tax Bers ioe): - CAC ORO OF tax Vatoilitt OF stoc io cove a | ihe Occeets Bent Figte AClommadaoxsion . |S i @ scanned with OKEN ScannerPaehcuyaes Ss\otuy (F F0,000 42 6.00,000_ — Bomos (one moo+h Salat $0,006 = YOIUE OF Een FECE ACCOMemDod aton . Licy. x= (6,00,000+ £0,006). 97.500 GEoss Sa\aey T4EIS06 Standasd decucton vis lel 0006 “Toexable Sajaty |Tota) Income 697500 “Tax Vabiity | On HESY F_2,50:600 Nil (CE 2.s0,000 40% $00,000) A sy. \2s00 OD Eemaining € 1,997,300 @ 207, 39500 ) Remove undeée Sechon 87H Wi) Mey ox S2000 CD Hearts & eclucotion cen May 2086 Met tax \jabigry SWoso Rounded OFF +ax liobllint S4G00- Care iF mo ACcepy WR. COdCUI\CHOD OF 40x Liability OF SUEBH 15 PaEh cu\aby Arot. Saloty (E.s0000 %12> 600,000 Bono lone: mootn Sa)atuy SOj0G60 | Taxeble HRE (Mote LQ\,000 _ Geoss Sa\oty | 69000 (> deduchon bis \6(oF-taxable Salaty | (50,000) : shoal income). [64000 | srax Veli 4 \ On Fitst ZF 2,S0,000 Lis = _2,50,000 +0 50,0000 OL, 2,00 @ scanned with OKEN Scanner= Rebete unde’ Sechon sie 4 ai Le] ine Tuy oPpson ir oF acceSKo J HRE IS pefres. en A Eemainina X 14,0000. 20° Neh ox Cheats & eclucorxio cose @ ay . Wet sax abi /Relunded OFFbox Nabi, | bavaao. ee Extéa -rax Paid by SuE@b IF ees} Feee ACOmmemodahon opbed is 1S 4oso-4233c\ motes - 0! PBCCOEAIND +0 Section \oliap & Eure 2p ok income +ox Sct HRE iS exempted a) _ \easy OF +hHe FolioWwing Vests. Onep actualy seceived j-6 %1,20,000 _ Sites is assumed +h _>) _) leo} oF +he above iS®7g,000 is anowed O soy. oF +h AIQEY |e Sor KE 6.1. 50,000 =Z_3B.25, 000 al @ Rent Paid in excess oF 10v. oF the Salas Le S (14,4000 x ES, 000) X 79,000. a Q exemphon +tbw -+oxable HRA Cowd be | (CE 1120,000 — S 79,000) F 41,000. oOLyeys Undes HRA S Rent FEE OCCommedahon AEe identica). Boni is not a PAEt OF Salaty FOE ne | PUEPOSe OF Com putation oF HRA. =cy is assumed tnat the osers hor st opted FoF Sec \eBAc CF he Income ton Bet 196). ote to 1 @ scanned with OKEN Scanner