RESIDENTIAL STATUS OF A COMPANY
|Residential Status Of A “Company”- under the ‘Income Tax Act.’|
|Ordinary Resident||Not Ordinary Resident||Non-Resident|
Every Indian company [i.e. which is incorporated under Indian Law or is is deemed as comapny under any law of the country] is Resident company. In case of any other company, which is incorporated outside India but has its control or management in India during relevant previous year it is also a resi- dent company.
|A company cannot enjoy this status.||Any company, which is incorporated outside India and has its control or management outside India during relevant previous year is non-resident company. n|