Question Description
In the context of determining residential status, why can an Indian citizen be considered a non-resident and an American citizen be considered a resident in India?a)The Income Tax Act is based on nationality.b)The Income Tax Act considers the total income earned in India.c)The Income Tax Act only considers the physical presence in India.d)The Income Tax Act is not related to citizenship.Correct answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about In the context of determining residential status, why can an Indian citizen be considered a non-resident and an American citizen be considered a resident in India?a)The Income Tax Act is based on nationality.b)The Income Tax Act considers the total income earned in India.c)The Income Tax Act only considers the physical presence in India.d)The Income Tax Act is not related to citizenship.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In the context of determining residential status, why can an Indian citizen be considered a non-resident and an American citizen be considered a resident in India?a)The Income Tax Act is based on nationality.b)The Income Tax Act considers the total income earned in India.c)The Income Tax Act only considers the physical presence in India.d)The Income Tax Act is not related to citizenship.Correct answer is option 'C'. Can you explain this answer?.

Solutions for In the context of determining residential status, why can an Indian citizen be considered a non-resident and an American citizen be considered a resident in India?a)The Income Tax Act is based on nationality.b)The Income Tax Act considers the total income earned in India.c)The Income Tax Act only considers the physical presence in India.d)The Income Tax Act is not related to citizenship.Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for B Com. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.

Here you can find the meaning of In the context of determining residential status, why can an Indian citizen be considered a non-resident and an American citizen be considered a resident in India?a)The Income Tax Act is based on nationality.b)The Income Tax Act considers the total income earned in India.c)The Income Tax Act only considers the physical presence in India.d)The Income Tax Act is not related to citizenship.Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of In the context of determining residential status, why can an Indian citizen be considered a non-resident and an American citizen be considered a resident in India?a)The Income Tax Act is based on nationality.b)The Income Tax Act considers the total income earned in India.c)The Income Tax Act only considers the physical presence in India.d)The Income Tax Act is not related to citizenship.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for In the context of determining residential status, why can an Indian citizen be considered a non-resident and an American citizen be considered a resident in India?a)The Income Tax Act is based on nationality.b)The Income Tax Act considers the total income earned in India.c)The Income Tax Act only considers the physical presence in India.d)The Income Tax Act is not related to citizenship.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of In the context of determining residential status, why can an Indian citizen be considered a non-resident and an American citizen be considered a resident in India?a)The Income Tax Act is based on nationality.b)The Income Tax Act considers the total income earned in India.c)The Income Tax Act only considers the physical presence in India.d)The Income Tax Act is not related to citizenship.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice In the context of determining residential status, why can an Indian citizen be considered a non-resident and an American citizen be considered a resident in India?a)The Income Tax Act is based on nationality.b)The Income Tax Act considers the total income earned in India.c)The Income Tax Act only considers the physical presence in India.d)The Income Tax Act is not related to citizenship.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice B Com tests.