R Ltd., is registered in U.K. The control and management of its affairs is situated in India .R Ltd. shall be
| A. | Resident in India |
| B. | Non-resident |
| C. | Not ordinarily resident in India |
| D. | None of the above |
Answer : B Explanation : SHAJEEM MC said: (10:07pm on Saturday 29th April 2017)
A company is resident in India if:(i) it is an India company, or(ii) during the previous year, control and management of its affairs is situated wholly in India. here he control and management of its affairs is situated in India so R ltd fulfilling second condition so it shall be resident
SHAJEEM MANDODICHALIL said: (1:31am on Friday 5th May 2017)
a. An Indian company is always resident in India.b. A foreign company is resident in India only if, control and management of its affairs, during the relevant previous year, is situated wholly in India.c. A foreign company is non-resident in India, if control and management of its affairs, during the relevant previous year, is situated –· wholly out of India or· partly in India or partly outside India.he control and management of its affairs is situated in India .R Ltd. shall be resident
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
