The income earned during the previous year is subject to tax under the Act on the basis of residential status of an assessee. However, the residential status of an assessee __________ every year.

CS Executive · Tax Laws and Practice · PYQS · June 2018
The income earned during the previous year is subject to tax under the Act on the basis of residential status of an assessee. However, the residential status of an assessee __________ every year.
(A) will not change
(B) will certainly change
(C) may change
(D) None of the above

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax Act, 1961

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