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The calculation of total taxable income of an individual under the Income Tax Law and Practice involves a systematic process prescribed under the Income-tax Act, 1961. The computation is carried out by determining income under different heads, allowing eligible deductions, and applying the relevant provisions of the Act. The first step is to determine the residential status of the individual for the relevant previous year. Residential status plays an important role because it decides the scope of taxable income. A resident and ordinarily resident is generally taxable on global income, whereas a non-resident is taxable only on income received or accrued in India. Therefore, the residential status must be _____ __________ __________ _______ _________ _____ _______.
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