RESIDENTIAL STATUS OF A COMPANY
| Residential Status Of A “Company”- under the ‘Income Tax Act.’ |
| Ordinary Resident | Not Ordinary Resident | Non-Resident |
| COMPANY : 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 |