Residential status of taxable entities is…………………….. October 4, 2025 by Admin 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……………… October 4, 2025 by Admin 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………………. October 4, 2025 by Admin 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……………. October 4, 2025 by Admin 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………………… October 4, 2025 by Admin 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 . October 4, 2025 by Admin 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………………… October 4, 2025 by Admin 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.
Casual income is. October 4, 2025 by Admin A. fully taxable. B. partly taxable. C. fully exempt D. d. none of these. ✅ The correct answer is option A.
In case of Tax free salary, ………………………………… October 4, 2025 by Admin A. tax is to be paid by employer B. no tax is payable on such salary C. tax is to be paid by the employee. D. govt, itself pays the tax at a future date. ✅ The correct answer is option A.
Salary received by a member of parliament is. October 4, 2025 by Admin A. taxable as salary income B. exempt from tax sources. C. taxable as income from other sources. D. none of these. ✅ The correct answer is option C.