Residential Status

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 ______ 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