Question
An Indian citizen who stays in India for less than how
many days during a financial year is considered a Non-Resident Indian (NRI)?Solution
According to the Income Tax Act, an Indian citizen is considered a Non-Resident Indian (NRI) if they stay in India for less than 182 days during the financial year. This is a key criterion in determining residential status for taxation purposes.
Interest received on Bonds will come in which of the following activities in the Cash Flow Statement?
As per Income Tax Act, Children hostel allowance is exempt upto?
A shipping company is required by law to bring all ships into dry dock every five years for inspection and overhaul. What is the correct treatment for t...
Which of the following directors is NOT appointed by the Board of Directors?
___________ is the simultaneous purchase and sale of two identical commodities or instruments. This simultaneous sale and purchase is done in order to t...
Shyam Ltd. acquired a new machinery for ₹ 1,00,000 that is depreciable at 20% as per AS 6 WDV method. The machine has an expected life of 5 years with...
___________ may fix remuneration of the first auditor appointed by the Board as per section 142 of the Companies Act
Journal entry for recording of bad debt expense is which one among the following?
Insert Hyperlink dialog box appears by pressing _________.
As per revised RBI guidelines, what is the maximum annual household income for borrowers eligible under microfinance loans?
Relevant for Exams:
