Income tax

1.A company may be not ordinarily resident in a year

• True

• False

Income from a business in Pakistan is taxable in the case of non resident in India

• True

• False

A non resident Indian is not liable to pay tax on his income received in India.

• True

• False

A person can be resident in more than one country.

• True

• False

There is no relation of the residential status of individual to his citizenship.

• True

• False

The residential status of an assessee may change in every the previous year

• True

• False

LPG subsidy received by an Individual in included in his income

• True

• False

The income tax is a direct tax charged annually by the Central Govt.

• True

• False

IT ACT came in to the force since first April

• True

• False

To make savings by any family member is not treated as income

• True

• False