MCQ for CA Intermediate TAXATION - Chapter 2 - Residence and Scope of Total Income

Sample Multiple Choice Questions (MCQ's) for CA Intermediate - Paper 4 - TAXATION - Chapter 2: Residence and Scope of Total Income - For Practice relevant for May/November 23 Examinations

Q:1 RA was born on 5th April, 1997 in India & he later on took the citizenship of U.S.A. Neither his parents nor his grandparents were born in divided undivided India. RA in this case shall be a -

  1. Citizen of India
  2. Artificial Person
  3. Person of Indian Origin
  4. Foreign National

Answer: 4

 

Q:2 RD was born in India in 1997. His parents were born in India in 1952. His grandfather was born in Lahore in 1937 but his grandmother was born in England in 1941. RD will be a -

  1. Citizen of India
  2. Person of Indian Origin
  3. Foreign National
  4. Artificial Person

Answer: 1

Q:3 An Indian Company is always resident in India.

  1. True
  2. False

Answer: 1

Q:4 Place of Effective Management of a Company for deciding the residential status, shall not apply to a Company having

  1. Turnover of Gross receipts of ₹ 50 Lakhs or less in a financial year.
  2. Turnover of Gross receipts of ₹ 5 Crores or less in a financial year.
  3. Turnover of Gross receipts of ₹ 5 Lakhs or less in a financial year.

Answer: 1

Q:5 How is Residential Status of a HUF determined?

  1. of days of stay of the Karta
  2. Control and Management of the affairs of the HUF
  3. Both (a) and (b)
  4. HUF can only be Resident

Answer: 3

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