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56. The interest on loan paid by the Government of India to a non-resident outside India is_______________in India.
Not taxable
Partially taxable
Taxable
Can’t say
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57. An individual is resident and ordinarily resident of India if______________________.
The person had been resident in India at least 2 out of 10 previous years immediately preceding the relevant previous year
A person been in India for a period of 730 days or more during 7 years immediately preceding the relevant previous year
All of the above
None of the above
58. The Resident HUF is ordinarily resident in India, if____________________.
He has been resident in India at least 2 years out of 10 previous years immediately
He has been resident in India at least 3 years out of 10 previous years immediately
He has been resident in India at least 2 years out of 5 previous years immediately
59. The basic condition will be for a person who leaves India for employment__________________.
At least 182 days in India
At least 60 days in the previous year and 365 days in the preceding 4 years
At least 730 days in the preceding 7 years
60. Which of the following is not included in the term Income under the Income Tax Act, 1961?
Reimbursement of travelling expenses
Profits and gains of business or profession
Dividend
Profit in lieu of salary
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