A. 5%
B. 15%
C. 20%
D. 25%
✅ The correct answer is option D.
Residential status of an assessee is ascertained as per the provisions of……………………
A. sec. 6.
B. s
C. 7. c. sec. 9.
D. sec. 11.
✅ The correct answer is option A.
The income tax rate on long term capital gains for an individual is ……………………………
A. 10%
B. 15%
C. 20%
D. 25%
✅ The correct answer is option C.
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 correct answer is option B.
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 more
B. 120 days or more.
C. 182 days or more.
D. 240 days or more.
✅ The correct answer is option C.
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
✅ The correct answer is option A.
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.
✅ The correct answer is option B.
A person who is of Indian origin visiting India during the previous year to be called resident must stay in India 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.
✅ The correct answer is option C.
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 days.
C. 60 days.
D. 730 days.
✅ The correct answer is option D.
A person is Non resident if he fails to fulfil…………………
A. the additional conditions.
B. at least on of the basic conditions.
C. both basic conditions.
D. none of these.
✅ The correct answer is option B.