Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Income-tax and Corporate Tax Planning Income-tax Residential Status
Which among the following is a correct statement about the residential status of a company?
1. A company can be classified as "not ordinarily resident'
2. A company can never be classified as "not ordinarily resident"
3. A company can be classified as "not ordinarily resident" with permission from the Ministry of Finance
4. A company can be classified as "not ordinarily resident' with permission from the Ministry of Commerce
1
1
2
2
3
3
4
4