50+ MCQ on Residential Status
Income Tax MCQs for 2022 - 23
In this page you get MCQ on Residential Status which are asked in various exams of Mumbai University, Dibrugarh University, Gauhati University, Kolkata University and Assam University.
Also, these questions are useful for B. Com exams of various universities covered under CBCS pattern.
Also, these income tax objective type questions and answers are also useful for NTA Net Commerce Exam, CMA, CA, CS and other competitive exams.
Choose the Correct Alternative:
1. residential status is determined for:
a) Previous year.
b) Assessment year.
c) Accounting year.
d) Financial year.
Ans: a) Previous year.
2. 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) 60 days in the previous
year.
Ans: b) 182 days in the previous year.
3. Under the income- tax act, the incidence of taxation depends on:
a) The citizenship of the
tax-payer.
b) The age of the taxpayer
c) The residential status of
the tax-payer.
d) The gender of the taxpayer
Ans: c) The residential status of the tax-payer.
4. Residential status of an assessee is ascertained as per the
provisions of:
a) Sec. 6.
b) Sec. 7.
c) Sec. 9.
d) Sec. 11.
Ans: a) Sec. 6.
5. As per the first basic condition to determine residential status, a
person should have been in India during the previous year concerned for:
a) 730 days in 10 previous
years.
b) 182 days in the previous
year.
c) 365 days in the previous
year.
d) 60 days in the previous
year.
Ans: b) 182 days in the previous year.
6. As per the second basic condition to determine residential status,
a person should have been in India during the previous year concerned for:
a) 730 days in 10 previous
years.
b) 182 days in the previous
year.
c) 365 days in the previous
year.
d) 60 days in the previous year
plus 365 days in 4 preceding p/y
Ans: d) 60 days in the previous year plus 365 days in 4 preceding p/y
7. 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
Ans: a) One of the Two basic conditions.
8. A person is Nonresident in India (NRI) if he fails to fulfill:
a) The additional conditions.
b) At least one of the basic
conditions.
c) Both basic conditions.
d) Both basic and additional
conditions
Ans: b) At least one of the basic conditions.
9. Second basic condition
of 60 days is not applicable to:
a) The person of Indian Origin
b) Indian Citizen who leaves India as a crew member of ship
c) Indian Citizen who leaves India for Job
d) All of the above
Ans: d) All of the above
10. 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.
Ans: b) Can change from year to year.
11. 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) 730 days in 10 previous
years.
b) 182 days in the previous
year.
c) 365 days in the previous
year.
d) 60 days in the previous year
plus 365 days in 4 preceding p/y
Ans: b) 182 days in the previous year.
12. Total Income of a person is determined on the basis of his:
a) Citizenship
b) Residential Status
c) None of the above
d) Both of the above
Ans: b) Residential Status
13. As per the first additional condition, a resident will be
ordinarily resident if he is resident in India in 2 out of ____ previous year
immediately preceding the relevant previous year.
a) 5 p/y
b) 10 p/y
c) 4 p/y
d) None of the above
Ans: b) 10 p/y
14. 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) 60 days
c) 730 days
d) 60 days
Ans: c) 730 days
15. An Indian company’s residential status is that it is always:
a) Resident.
b) Nonresident.
c) Ordinarily resident.
d) None of these.
Ans: a) Resident. (An Indian Company is one which in registered in
India)
Also Read: Income Tax Chapterwise MCQs (2022 - 2023)
1. 700+ Income Tax MCQs 2022-23 [Free PDF], Income Tax Laws and Practice MCQs
2. 50+ MCQ on Residential Status, Income Tax MCQs 2022 - 23 [Free PDF]
3. 100+ MCQs on Income From Salary, Income Tax MCQs 2022 - 23 [Free PDF]
4. 50 Income from House Property MCQ, Income Tax MCQs 2022 - 23 [Free PDF]
6. 50 MCQ on Capital Gains, Income Tax MCQs 2022 - 23 [Free PDF]
8. 25+ Income Tax Deductions MCQs (80C to 80 U), Income Tax MCQs 2022 – 23 [Free PDF]
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16. A company is said to be resident in India if:
a) It is registered in India
b) A non-Indian company fully
controlled from India
c) Both the above
d) None of the above
Ans: c) Both the above
17. Residential Status of the following Assessee:
|
Assessee |
Resident |
Non-Resident |
|
1. HUF |
Wholly or partially
controlled in India |
Entire control lies outside
India |
|
2. Firms |
Wholly or partially
controlled in India |
Controlled wholly from
outside India |
|
3. AOP/BOI |
Wholly or partially
controlled in India |
Controlled wholly from
outside India |
|
4. Company |
Indian Company registered in
India Or A non-Indian Company Wholly
controlled from India |
A non-Indian Company
controlled wholly or partially outside India. |
18. Which of the following statement is true?
a) HUF can be ordinarily
resident or not-ordinarily resident.
b) HUF is said to be ordinarily
resident if it satisfied both additional conditions of an Individual.
c) HUF is said to be
not-ordinarily resident if it does not satisfy any one of the additional
conditions of an Individual.
d) All of the above
Ans: d) All of the above
19. In case of residential status of HUF, firm and AOP if control and
management are wholly outside India they are deemed as:
a) Resident.
b) Ordinarily Resident.
c) Nonresident.
d) None of these.
Ans: c) Nonresident.
20.
Residential status of an Individual can be:
a) Resident and Ordinarily resident (ROR)
b) Resident but Not-Ordinarily resident
(RNOR)
c) Non-Resident in India (NRI)
d) All of the above
Ans: d) All of the above
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21.
Income accrued or deemed to be accrued in India is taxable in case of which
assessee?
a) Resident and Ordinarily resident (ROR)
b) Resident but Not-Ordinarily resident
(RNOR)
c) Non-Resident in India (NRI)
d) All of the above
Ans: d) All of the above
22.
Income received or deemed to be received in India is taxable in case of which
assessee?
a) Resident and Ordinarily resident (ROR)
b) Resident but Not-Ordinarily resident
(RNOR)
c) Non-Resident in India (NRI)
d) All of the above
Ans: d) All of the above
23. Income which accrue or arise outside India and
also received outside India is taxable in case of which assessee?
a) Resident and Ordinarily resident (ROR)
b) Resident but Not-Ordinarily resident
(RNOR)
c) Non-Resident in India (NRI)
d) All of the above
Ans: a) Resident and Ordinarily resident (ROR)
24. Income which accrue or arise outside India from a
business or profession controlled from India is taxable in case of which
assessee?
a) Resident and Ordinarily resident (ROR)
b) Resident but Not-Ordinarily resident
(RNOR)
c) Non-Resident in India (NRI)
d) Resident and Ordinarily resident (ROR)
and Resident but Not-Ordinarily resident (RNOR)
Ans: d) Resident and Ordinarily resident (ROR) and Resident but
Not-Ordinarily resident (RNOR)
25.
Dividend paid by an Indian Company is:
a) Fully taxable
b) Fully Exempted
c) Taxable if Dividend Income exceeds Rs.
5,000
d) None of the above.
Ans: c) Taxable if Dividend Income exceeds Rs. 5,000
Fill in the blanks
1. The incidence of tax on tax is called burden of tax.
2. Incidence of tax depends upon the residential status of the
assessee.
3. A company has 2 (Two) types of residential status mcq
4. Residential status is determined for
which year? – Previous year
5. Every year the residential status of an
assessee Can change from year to year.
6. Income received in India is taxable in
the hands of all types of assessee.
7. Income received or deemed to be received
in India is taxable in case of all
types of assessee.
8. Income from business in England
controlled from India is taxable for ROR
and RNOR.
9. Salary payable to the Government
Employee serving Outside India shall be an income which is deemed to Accrue or arise in India.
10. Dividend received from a foreign
company is fully taxable.
11. Dividend Income is taxable under the
head Income from Other Source.
12. Any payment made outside India and TDS
is not paid then it is taxable in
India.
13. If an HUF
is controlled from India even partially, it will be residential assessee.
14. Residential status is
to be determined for income
calculation.
State whether the following statements are true or false:
1. No person other than Individual or HUF
can be resident but not ordinarily resident in India. True
2. An Indian company is always resident in
India. True
3. A foreign company is always NRI. False
4. Once a person is resident in India in a
previous year, he shall be deemed to be resident for subsequent previous year
also. False
5. A person resident in Indian cannot
become resident in any other country for the same assessment year. False
6. A person is said to be person of Indian
Origin if he or his parents or grandparents born in undivided India. True
7. Tax liability of an assessee depends
upon his residential status.
8. A resident in India cannot become
resident in any other country for the same assessment year. False
9. A company cannot enjoy the status of not
ordinary
resident. True,
only individual and HUF
10. A company shall be ‘non-resident’ if
its place of effective management is situated wholly or partially outside India
during the relevant accounting
year. False,
100% outside India
11. A person may have dual residential
status, i.e., he may be resident of one or more countries in a relevant
previous year. True
12. Indian income is always taxable in
India irrespective of the residential status of the tax payer. True
13. The status of Indian origin individual
is always a resident. False
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