Who is a Indian Resident ?
An individual is said to be a resident in the tax year if he/she is: physically present in India for a period of 182 days or more in the tax year (182-day rule),
Stay in India for the immediately 4 preceding years is 365 days or more and 60 days or more in the relevant financial year.
Example- In the event an individual who is a citizen of India or person of Indian origin leaves India for employment during an FY, he will qualify as a resident of India only if he stays in India for 182 days or more. Such individuals are allowed a longer time greater than 60 days and less than 182 days to stay in India. However, from the financial year 2020-21, the period is reduced to 120 days or more for such an individual whose total income (other than foreign sources) exceeds Rs 15 lakh.
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Who is a Non -Resident ?
A person who is not a resident of India is considered to be a non-resident of India (NRI). You are a resident if your stay in India for a given financial year is (i) 182 days or more, or (ii) 60 days or more and 365 days or more in the 4 immediately ...
Who cannot buy or sell Unlisted Shares on UnlistedAssets.com ?
Any minor coming on unlistedassets.com platform cannot buy unlisted shares. Non-Indians- (only through institutional investors) NRI's Coming on unlistedassets.com platform cannot buy unlisted assets. (Clients are requested to raise a ticket through ...
I have International contact number how should I proceed?
Clients having international contact number will not be able to transact on unlistedassets.com platform. Indian Contact number is a mandatory field for successful transaction.
What CDSL means?
Central Depository Services (India) Ltd Central Depository Services (India) Ltd (CDSL), is the first listed Indian central securities depository based in Mumbai. Central Depository Services (India) Limited (CDSL) was initially promoted by the BSE ...
Who can buy or sell unlisted shares on unlistedassets.com
All users who has a valid Demat account with Depository Participant can buy unlisted shares on our platform. Non Individuals (Companies, HUF, Partnership Firm etc.) represented by authorized persons of entities We have an option to add the company ...