Which of the following criteria would make a foreign company to have its active business outside India? (i) Passive income is not more than 50% of its total income (ii) Less than 50% of its total assets are situated in I

CS Executive · Tax Laws · PYQS · June 2023
Which of the following criteria would make a foreign company to have its active business outside India? (i) Passive income is not more than 50% of its total income (ii) Less than 50% of its total assets are situated in India (iii) Less than 50% of the total employees are resident in India and (iv) Less than 50% payroll expenses incurred on employees situated in India
(A) (i) and (ii)
(B) (i) and (iii)
(C) (i), (iii) and (iv)
(D) All the above

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax Act, 1961

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic