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What Is The Importance Of Residential Status? |
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Answer» RESIDENTIAL status determines the taxability of various incomes in a particular country. The income that is taxable for a RESIDENT MAY not be taxable for a non resident. THUS it is important to first determine the residential status. Residential status determines the taxability of various incomes in a particular country. The income that is taxable for a resident may not be taxable for a non resident. Thus it is important to first determine the residential status. |
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