1.
How many categories of residential status exist under the Income Tax Act for individuals and HUF?
2.
For an Indian citizen or PIO(Person of Indian origin) visiting India whose income EXCEEDS ₹15 lakh what is '60 days' replaced with for residency purposes?
3.
When is an Indian citizen treated as a Deemed Resident even without meeting the stay requirement?
4.
Under the second basic condition an individual is resident if they stay in India for ≥ 60 days in the financial year AND how many days in the preceding 4 years?
5.
An individual is Resident but Not Ordinarily Resident RNOR if they were non-resident in how many out of the 10 preceding years?
6.
What is the residential status of a Deemed Resident individual?
7.
An HUF is classified as Resident if which condition is met?
8.
An Resident but Not Ordinarily Resident RNOR individual is taxable on income accruing outside India only if it is derived from which of the following?
9.
An HUF is classified as Resident but Not Ordinarily Resident RNOR if the Karta stayed in India for how many days or less in the last 7 years?
10.
Under the Active Business Outside India ABOI test if payroll expenses on Indian/resident employees exceed 50% of total payroll what is the implication for POEM (Place of Effective Management)?
11.
For a partnership firm or AOP to be classified as Non-Resident what must be true about its control and management?
12.
If a person is resident in India for any source of income in a previous year what is assumed about their other sources of income?
13.
For an Indian citizen or PIO(Person of Indian Origin) visiting India whose income does NOT exceed ₹15 lakh what is '60 days' replaced with for residency purposes?
14.
For an HUF to be classified as Resident and Ordinarily Resident (ROR) which TWO conditions regarding the Karta must be satisfied?
15.
What is the threshold of gross turnover above which POEM(Place of Effective Management) rules apply to a foreign company?
16.
What is the general rule for an individual to qualify as a Resident in India (basic condition 1)?
17.
A partnership firm has one key decision made in India and all other operations abroad. What is its residential status?
18.
An Indian citizen leaving India for employment purposes — what does '60 days' get replaced with for residency determination?
19.
An individual is Resident but Not Ordinarily Resident RNOR if total stay in India in the last 7 years is how many days or fewer?
20.
For firms AOPs BOIs Local Authorities and AJPs — can they be classified as RNOR (Resident but Not Ordinarily Resident)?
21.
What is the basis for determining residential status of a Non-Resident individual's taxable income in India?
22.
An Indian citizen or PIO (Person of Indian Origin) visiting India with income over ₹15 lakh who stays 120–181 days and has stayed 365+ days in last 4 years is classified as?
23.
If a foreign company fails the Active Business Outside India ABOI test which test is used to determine POEM(Place of Effective Management)?
24.
An HUF is classified as Resident but Not Ordinarily Resident RNOR if the Karta was non-resident for how many years out of the last 10?
25.
Under the Active Business Outside India (ABOI) test POEM(Place of Effective Management) is presumed to be outside India if passive income is not more than what percentage of total income?
26.
When is an Indian company always classified as a Resident?
27.
Which category of taxpayer is taxable on income accruing outside India even if it is NOT derived from a business controlled from India?
28.
Under the Active Business Outside India ABOI test which of the following is NOT one of the four conditions required for POEM(Place of Effective Management) to be presumed outside India?
29.
How often is residential status assessed under the Income Tax Act?
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