Alpha Ltd. is an Indian company. It carries its business in Delhi and London. Total control and management of the company is situated in London. More than 85% of its business income is from the business in England. If so
CS Executive · Tax Laws and Practice · PYQS · June 2016
Alpha Ltd. is an Indian company. It carries its business in Delhi and London. Total control and management of the company is situated in London. More than 85% of its business income is from the business in England. If so, its residential status will be —
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A). Official source note: Alpha Ltd. is an Indian company. It carries its business in Delhi and London. Total control and management of the company is situated in London. More than 85% of its business income is from the business in England. If so, its residential status will be — (A) Resident (B) Non-resident (C) Not ordinarily resident (D) Foreign company.
Topics: Income Tax
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