WorksheetsINCOME TAX LAW AND PRATICE - UNIT -2
Total questions: 25
Worksheet time: 13mins
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
A foreign company is said to be resident in India if:
A) It pays tax in India
B) It does business in India
C) Its POEM is in India
D) It has more than 50% Indian shareholders
A company incorporated in India is:
A) Always a non-resident
B) Always a resident
C) May be resident or non-resident depending on POEM
D) Not taxable in India
A resident and ordinarily resident (ROR) is taxable on:
A) Indian income only
B) Foreign income only
C) Global income
D) Agricultural income
A non-resident is taxable in India on:
A) Global income
B) Indian-sourced income
C) Foreign business profits
D) Remittances to India
A resident but not ordinarily resident (RNOR) is taxable on:
A) Indian income only
B) Income from business controlled from India
C) Income from profession set up in India
D) Both B and C
The scope of total income of an assessee depends upon:
A) Age of the assessee
B) Gross total income
C) Residential status
D) Type of assessee
Income received in India is taxable in case of:
A) Resident only
B) Resident and Non-resident both
C) RNOR only
D) None of the above
Foreign income earned and received outside India is taxable for:
A) Resident and Ordinarily Resident (ROR) only
B) Resident but Not Ordinarily Resident (RNOR)
C) Non-Resident (NR)
D) All of the above
Which of the following incomes is exempt from tax in India?
A) Salary from UN agency
B) Agricultural income in India
C) Dividend from an Indian company
D) All of the above
Salary earned abroad and received in India is:
A) Not taxable
B) Taxable for ROR only
C) Taxable for all types of assessees
D) Taxable for residents only
In case of RNOR, which income is not taxable?
A) Foreign income controlled from India
B) Income received in India
C) Foreign income earned and received outside India
D) Business income in India
Which of the following is included in the total income of a resident and ordinarily resident?
A) Income earned in India
B) Income earned outside India
C) Income received outside India
D) All of the above
A non-resident is liable to pay tax in India on:
A) Income earned in India only
B) Foreign income only
C) Global income
D) None of the above
Income accrues or arises in India when:
A) It is earned from any business located in India
B) Services are rendered in India
C) Assets are located in India
D) All of the above
Remittance of foreign income to India by a non-resident is:
A) Taxable
B) Not taxable
C) Partially taxable
D) Fully exempt
