Residential Status in India Quiz

An individual is considered a resident in India if he stays in India for at least:

• 30 days in a year

• 90 days in a year

• 182 days in a year

• 240 days in a year

An individual will also be a resident if he stays in India for:

• 60 days in the previous year and 365 days in the preceding 4 years

• 90 days in the previous year and 365 days in the preceding 4 years

• 120 days in the previous year and 730 days in the preceding 7 years

• 240 days in the previous year and 365 days in the preceding 5 years

For a citizen of India leaving India for employment, the 60-day condition is replaced with:

• 120 days

• 182 days

• 240 days

• 365 days

An individual who is a resident and ordinarily resident (ROR) must satisfy:

• Both basic conditions + both additional conditions

• Only one basic condition

• Basic conditions only

• Additional conditions only

An individual is considered non-resident when:

• Only one basic condition is satisfied

• Both additional conditions are satisfied

• No basic condition is satisfied

• Only additional conditions are satisfied

The residential status of a HUF depends on:

• The Karta’s residential status

• Location of HUF property

• Residential status of all members

• Place of business only

A company is resident in India if it is:

• Registered in India

• Incorporated outside India

• Wholly owned subsidiary of foreign company

• Incorporated outside India but partly owned by Indian entity

A foreign company is also resident in India if:

• Its effective management is situated in India

• Its directors visit India once a year

• Its shareholders are Indian

• It pays tax in India

A company whose place of effective management (POEM) is outside India will be:

• Resident

• RNOR

• Non-resident

• Ordinarily resident

Which of the following is not a basic condition?

• Stay in India for 182 days or more in a previous year

• Stay in India for 60 days in previous year + 365 days in 4 preceding years

• Stay in India for 120 days in previous year + 730 days in 7 preceding years

• Both (a) and (b) are basic conditions