Income Tax Quiz

Which section of the Income Tax Act, 1961 deals with the residential status of individuals?

• Section 2

• Section 6

• Section 10

• Section 14

The residential status of an individual is determined for:

• Lifetime

• Financial Year

• Calendar Year

• Assessment Year

A person is said to be resident in India if he stays in India for:

• 60 days or more in a year

• 182 days or more in a year

• 240 days or more in a year

• 365 days in two years

In addition to 182 days, which other condition determines residential status?

• Stay of 365 days or more during the last 4 years

• Stay of 365 days in the current year

• Stay of 60 days in any year

• Stay of 240 days in any year

Which of the following is not a basic condition for residential status of an individual?

• Stay of 182 days in India

• Stay of 60 days in India in a year

• Stay of 1 year continuously

• Stay of 365 days in previous 4 years

The condition of 60 days is extended to 182 days for which category?

• Foreign tourist

• Indian citizen leaving India for employment

• Government employee

• NRI student

How many additional conditions are there for determining 'Resident and Ordinarily Resident'?

• 1

• 2

• 3

• 4

A HUF is considered resident if:

• The manager resides in India

• Its business is in India

• Control and management is wholly or partly in India

• Any member stays in India

A company is said to be resident in India if:

• Its business is registered in India

• It has a permanent address in India

• Its place of effective management (POEM) is in India

• It has shareholders in India

Residential status of a company is determined under which section?

• Section 2(31)

• Section 6(3)

• Section 10(2A)

• Section 12B