Question: Mr. Shaurya was working as a software engineer at XYZ Ltd. in the USA and staying there with his family from 2015. On 4th September,

Mr. Shaurya was working as a software engineer at XYZ Ltd. in the USA and staying there with his family from 2015. On 4th September, 2020, he received an offer from an old friend staying in India, to start a business in partnership with him. Always enthusiastic about start-ups, Mr. Shaurya grabbed the opportunity, and decided to fly down (with his family) to India on 15th October 2020 and settle down here. The priliminary formalities for the start up were done by his friend, and the business commenced on a positive note, and was visibly profitable.

Based on the Income Tax Act of India, 1961, determine the residential status of Mr. Shaurya (Show all working notes that helped you arrive at your answer)

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