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Commerce · Q83

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 83

Q83

Which among the following is a correct statement about residential status of a company?

A.
A company can be classified as "not ordinarily resident"
B.
A company can never be classified as "not ordinarily resident"
Answer
C.
A company can be classified as "not ordinarily resident" with the permission from Ministry of Finance
D.
A company can be classified as "not ordinarily resident" with the permission from Ministry of Commerce

Answer: Option B

Solution

Answer: Option B
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