Kejriwal promises abolition of residential house tax

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Delhi Chief Minister Arvind Kejriwal on Saturday promised to abolish residential house tax if the Aam Aadmi Party wins the civic polls. Kejriwal said..

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    The taxability of an individual in India depends upon his residential status in India for any particular financial year. The term residential status has been coined under the income tax laws of India and must not be confused with an individual’s citizenship in India. An individual may be a citizen of India but may end up being a non-resident for a particular year. Similarly, a foreign citizen may end up being a resident of India for income tax purposes for a particular year.

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