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Commerce · Q799

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 799

Q799

Which of the following statements is/are correct? 1. A foreign company can be a domestic company. 2. There is no difference between an Indian company and a domestic company. 3. The control and management of a company should be examined for each previous year as the company many change the place of its control and management and consequently its residential status may also change. Select the correct answer using the options given below

A.
Both 1 and 3
Answer
B.
Only 3
C.
Both 2 and 3
D.
All of the above

Answer: Option A

Solution

Answer: Option A
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