A. the additional conditions.B. at least on of the basic conditionsC. both basic conditions.D. none of these.
Tag: Income Tax MCQs
As per Second additional condition, a resident will be an ordinarily resident if stay in India for at least……………………. days during the seven previous years preceding the relevant .
A. 182 days.B. 365 daysC. 60 days.D. 730 days.
A person who is of Indian origin visiting India during the previous year to be called resident must stay inIndia for at least…………………
A. 60 days in py.B. 6 days in py and 365 days or more during 4 years preceding the py.C. 182 days in py.D. 730 days during 7 years preceding the py.
An individual who wants to be resident of India must stay in India for at least…………….
A. 730 days in 10 previous years.““““B. 182 days in the previous year.C. 365 days in the previous year.D. 150 days in the previous year.
An individual who wants to be resident of India must satisfy at least……………….
A. one of the two basic conditions.B. both the basic conditions.C. both the additional conditions.D. both the basic conditions and the additional conditions
As per the first basic condition to determine residential status, a person should have been in India during the previous year concerned for………………
A. 60 days or moreB. 120 days or more.C. 182 days or more.D. 240 days or more.
Residential status of taxable entities is……………………..
A. fixed in nature.B. can change from year to year.C. fixed once in 5 years.D. none of these.
The income tax rate on long term capital gains for an individual is ……………………………
A. 10%B. 15%C. 20%D. 25%
Residential status of an assessee is ascertained as per the provisions of……………………
A. sec. 6.B. sC. 7. c. sec. 9.D. sec. 11.
The rate of depreciation on intangible asset is ………………….
A. 5%B. 15%C. 20%D. 25%