CA Inter doubt
What will be the residential status of HUF, if HUF is resident and Karta is non-resident?
Asked by Sountheriya16 Sept 2024590 views
2 answers
Arpita · 17 Sept 2024
If HUF is resident and karta is non resident then HUF will be R-NOR(i.e Resident but not ordinary resident)
Ashvath · 17 Sept 2024
If karta is a non resident for 9 out 10 immediately preceding financial year Or the stay of karta is less than or equal to 729 days I the immediately preceding 7 financial years The HUF would be resident but not ordinary resident
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