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10 Multiple Choice Questions on Direct Tax for CA Students

A quiz -multiple choice question on Basic Concepts ,Total Income & Residential Status  for providing  CA students an opportunity to test their preparation of direct tax paper . Most fundamental is the definition section under Income Tax Act  which is section 2 . A constant reference to section 2 is required to understand the true meaning of a word used...

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How Direct Tax Code restricts Non Resident Indians’ stay in India ?

# Do not stay for more than 60 days in a year in India if in previuos four years , he was in India for more than 365 days. If he was not, he can stay in India , safely upto 182 days.
# Also please go through the Double Taxation Avoidance Agreement signed between India and your country and find that what are the income which are taxed only in your country. For example , salary income earned in USA of a resident of USA is to be taxed in USA only even if he also becomes resident of Indi under I T Act.

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