If Karta is resident and ordinarily resident in India but control and management of HUF is situated partly outside India in the previous year, the HUF is —

CS Executive · Tax Laws and Practice · PYQS · December 2014
If Karta is resident and ordinarily resident in India but control and management of HUF is situated partly outside India in the previous year, the HUF is —
(A) Resident and ordinarily resident
(B) Not ordinarily resident
(C) Non resident
(D) Resident.

Answer & Explanation:

Correct Answer: Option (A)

Correct answer: (A) Resident and ordinarily resident. This answer applies to the historical law and assessment-year context of this December 2014 paper; later amendments may differ.

Topics: Income Tax Act, 1961

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