Understanding residential status is crucial for tax compliance in India. Individuals, companies, and other entities must determine their status based on specific criteria. Residents are further categorized as Resident and Ordinarily Resident (ROR), Resident but Not Ordinarily Resident (RNOR), or Non-Resident (NR). Taxability varies based on residential status and the nature of income.Read more information here -https://www.companiesnext.com/blog/determination-of-residential-status-in-india-and-taxability-of-income
