Meaning of HUF/Firm/AOP/BOI under Income Tax Act 1961 under section 6(2)
A Hindu Undivided Family is said to be resident in India in any previous year where the control and management of whole of its affairs is situated in India and also the karta of the family also situated within India in the previous year because it is the Karta who control and manage the family.
A Firm or Association of Persons is said to be resident in India in any previous year where the control and management of its affairs are wholly or partly situated within India during the relevant previous year. They are however treated non-resident in India, if control and management of whole of its affairs are situated wholly outside India.
Reference: – As Per Section 6(2) Of the Income Tax Act 1961
For the purposes of this Act,—
(2) A Hindu undivided family, firm or other association of persons is said to be resident in India in any previous year in every case except where during that year the control and management of its affairs is situated wholly outside India.