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WorksheetsResidential Status
Total questions: 20
Worksheet time: 2hrs 40mins
Check out the any two basic conditions which an individual satisfy to become resident of India.
Stay 90 or less days during RPY in India
Stay atleast 60days in RPY & 365days in 4 py immediately preceding RPY in India
Stay 182 or more during RPY out of india
Stay 182 or more during RPY in India
Apart of the individual which assessee can claim the status of NOR
Firm
Company
AOP
HUF
An Indian company is always said to be
Non Resident
Non ordinary resident
Resident
All of the above
A Foreign Company with a turnover of less than 50 crores is always (a) in India
In first basic condition minimum stay in INDIA in relevant previous year is
182 days
180 days
181 days
184 days
‘B’, a person of Indian origin staying in Denmark. During the previous year 2019-20 he came to India and stayed for 150 days. Determine the residential status of ‘B’ for assessment years 2020-21.
Resident or Ordinarily Resident
(OR)
Resident but Not Ordinarily Resident
(NOR)
Non-Resident (NR)
Income from a business in USA received in INDIA will be taxable for
Resident and Ordinary Resident (ROR)
Not Ordinary Resident (NOR)
Non Resident (NR)
Not Taxable
Residential status of an individual is decided based on
The number of days of his/her stay in the previous year in India
The number of days of his/her stay in the assessment year in India
Citizenship of the individual
Control and Management of Affairs
An Indian citizen can be a Non-Resident
True
False
An American citizen cannot be a resident of India
True
False
If Ashish has stayed in India in the P.Y. 2019-20 for 181 days, and he is non- resident in 9 out of 10 years immediately preceding the current previous year and he has stayed in India for 365 days in 4 years immediately preceding the current previous year and 800 days in 7 years immediately preceding the current previous year, his residential status for the A.Y. 2020-21 would be
Resident and ordinarily resident
Resident but not ordinarily resident
Non-resident
Cannot be ascertained with the given information
Rakesh was employed in Godrej India Ltd. He received a salary at INR 40,000 p.m. from 1.4.2019 to 30.9.2019. He resigned and left for Dubai for the first time on 1.10.2019 and got salary of rupee equivalent of Rs 80,000 p.m. from 1.10.2018 to 31.3.2019. His salary for October to December 2019 was credited in his Dubai bank account and the salary for January to March 2020 was credited in his Mumbai account directly. He is liable to tax in respect of
Income received in India from Godrej India Ltd
Income received in India and in Dubai
Income received in India from Godrej India Ltd. and income directly credited in India
Income received in Dubai
Income accruing in London and received there is taxable in India in the case of
resident and ordinarily resident only
both resident and ordinarily resident and resident but not ordinarily resident
both resident and non-resident
non-resident
Incomes which accrue or arise outside India but received directly in India are taxable in case of
resident and ordinarily resident
resident but not ordinarily resident
non-resident
All of the above
Fees for technical services paid by the Central Government will be taxable in case of
non-resident
resident and ordinarily resident
resident but not ordinarily resident
None of the Above
Dividend Income from Australian company received in Australia in the year 2015, brought to India during the previous year 2019-20 is taxable in case of –
ROR
RNOR
NR
None of the Above
Which of the following shall be deemed to accrue or arise in India?
Income by way of interest payable by the Government to non-resident
Income by way of interest payable by a person who is a resident where the interest is payable in respect of any debt incurred, or moneys borrowed and used for the purposes of a business in India
Income by way of interest payable by a person who is a non-resident, where the interest is payable in respect of any debt incurred or money borrowed and used, for the purposes of a business or profession carried on by such person outside India.
A person receives INR 5lakh as income from business in France which was controlled from Kanpur (India). It will be taxable in the hands of that person, if he is ______
1. Resident and ordinary resident
2. Non- resident
3. Resident but not-ordinary resident
Select the correct answer from the options given below
(1) & (2)
(2) & (3)
(1) & (3)
(1), (2), & (3)
A Russian national comes to India for the first-time during year 2014-15. During the financial years 2014-15, 2015-16, 2016-17, 2017-18 and 2018-19, he was in India for 65 days, 60 days, 80 days, 160 days and 70 days respectively. Determine his residential status for AY 2019-20
ROR
RNOR
NR
Cant determine
X Ltd. is an Indian company. It carries business in Mumbai and New York. The place is effective management of X Ltd. is outside India. 98% of total income of the company is from business in New York. X ltd is _____
RESIDENT
RESIDENT BUT NOT ORDINARILY RESIDENT
NON RESIDENT
NONE OF THE ABOVE
