The Resident HUF is ordinarily resident in India, if _______________.1 pointHe has been resident in India at least 2 years out of 10 previous years immediatelyHe has been resident in India at least 3 years out of 10 previous years immediatelyHe has been resident in India at least 2 years out of 5 previous years immediatelyNone of the above
Question
The Resident HUF is ordinarily resident in India, if _______________.1 pointHe has been resident in India at least 2 years out of 10 previous years immediatelyHe has been resident in India at least 3 years out of 10 previous years immediatelyHe has been resident in India at least 2 years out of 5 previous years immediatelyNone of the above
Solution
The Resident Hindu Undivided Family (HUF) is ordinarily resident in India if it has been resident in India for at least 2 out of the 10 years immediately preceding the relevant previous year. Additionally, it must have been in India for a period of 730 days or more during the 7 years immediately preceding the relevant previous year. Therefore, the correct answer is "He has been resident in India at least 2 years out of 10 previous years immediately".
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