ICAB PL Business Planning Taxation And Compliance Practice Questions - ICAB CA Professional Level Business Planning Taxation And Compliance (Bangladesh) Exam

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Mr. Karim, a foreign national, arrived in Bangladesh on October 1, 2024, and departed on February 15, 2025 (staying 138 days in the income year 2024-2025). During the preceding four income years, he was physically present in Bangladesh for an aggregate of 380 days. What is his tax residential status for the assessment year 2025-2026 under the residency definition in Section 2 of ITA 2023?
Correct Answer:
Resident, because his stay in 2024-2025 is at least 90 days and his stay in the preceding four years is at least 365 days

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