Question
What amendment has the Finance Ministry made to Income
Tax Rules regarding non-residents and foreign companies opening bank accounts in IFSC Gift City?Solution
The Finance Ministry has amended Income Tax Rules and so now the non-residents and foreign companies opening bank accounts in IFSC Gift City will not have to furnish PAN and instead file a declaration The non-resident or the foreign company opening a bank account at the International Financial Services Centres (IFSC) will have to file a declaration in Form 60 and should not have any tax liabilities in India. Ministry of Finance                   Union Minister: Nirmala Sitharaman Gujarat International Finance Tech-City (GIFT City) is a business district currently being constructed in the state of Gujarat. GIFT City is India’s first operational smart city with the development of world-class infrastructure and sustainable master planning, which will make GIFT at par or above par with renowned International centres
Two statements are given, followed by two conclusions numbered I and II. Assuming the statements to be true, even if they seem to be at a variance with...
In the questions given below, there are three statements followed by three conclusions I, II and III. You have to take the three given statements to be...
- Statements:
Only a few device is system
Mostly system is tablet
Conclusions:
I. All device can be system
II. Few ta... Three statements are given, followed by two conclusions numbered I and II. Assuming the statements to be true, even if they seem to be at variance wit...
Statement : Only a few White is Blue
Only a few Blue is Red
All Red is black
Conclusion
I. All Blue being black is a poss...
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at varianc...
Statements:
Only White are Grey
No Blue are Black
All Blue are White
Conclusion:
I. Some Blue can be Grey
In the question below some statements are given followed by three conclusions I, II, and III. You have to take the given statements to be true even if ...
- Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at variance wi...
Statement: All fruits are vegetables
                             Some vegetables are potatoes
    ...
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