Explain the following terms Resident individual and Resident Company?

1.	Explain the following terms Resident individual and Resident Company? Explain in detail.
Answer» ANSWER: It is IMPORTANT for Income Tax Department to determine the residential status of a tax paying individual or company. It becomes particularly relevant during the tax FILING season. In fact, this is one of the factors BASED on which a person’s taxability is decided. Let us explore the residential status and taxability in detail. please MARK as brainliest

Explain the following terms Resident individual and Resident Company? Explain in detail.

Answer»

It is IMPORTANT for Income Tax Department to determine the residential status of a tax paying individual or company. It becomes particularly relevant during the tax FILING season. In fact, this is one of the factors BASED on which a person’s taxability is decided. Let us explore the residential status and taxability in detail.

please MARK as brainliest

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Explain the following terms Resident individual and Resident Company? Explain in detail.​

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Explain the following terms Resident individual and Resident Company? Explain in detail.