INCOME TAX LAW AND PRATICE - UNIT -2

An individual is said to be a resident in India if he/she stays in India for:

• A) 60 days or more in the previous year

• B) 182 days or more in the previous year

• C) 120 days or more in the previous year

• D) Both A and B depending on circumstances

2. An individual is considered a resident and ordinarily resident (ROR) if:

• A) He has been a resident in India for at least 2 out of 10 previous years

• B) He has stayed in India for at least 730 days during the last 7 years

• C) Both A and B

• D) Either A or B

The additional condition for ROR status includes:

• A) Staying in India for 60 days in the year

• B) Staying in India for 730 days in the last 7 years

• C) Being in India for 365 days in last 4 years

• D) All of the above

Which of the following is NOT a basic condition under Section 6(1)?

• A) Stay of 182 days or more in the previous year

• B) Stay of 60 days or more in the previous year + 365 days in 4 preceding years

• C) Stay of 730 days in the last 7 years
  

• D) Stay of 120 days for Indian citizens on visit

A person is deemed non-resident in India if:

• A) None of the basic conditions are satisfied
  

• B) Only one additional condition is satisfied
  

• 
  C) He earns income from outside India
  

• D) He is a foreign citizen

A HUF is resident in India if:

• A) Its Karta resides in India
  

• B) Its affairs are wholly controlled from India
  

• C) Any member resides in India
  

• D) It has assets in India

A HUF is resident and ordinarily resident if:

• A) Control is partly in India

• B) Control is wholly outside India
  

• C) Karta satisfies both additional conditions like an individual
  

• D) None of the above
  

Which of the following is NOT relevant in determining the residential status of HUF?

• A) Number of coparceners

• B) Residential status of Karta

• C) Control and management of affairs

• D) Place of residence of the members

A company is said to be a resident in India if:

• A) It has an office in India

• B) It is incorporated in India

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

• D) Both B and C

Place of Effective Management (POEM) means:

• A) Place of incorporation

• B) Place where books are maintained

• C) Place where key management decisions are taken

• D) Place of physical asset location