Essay on Ahdjs

8563 Words Nov 9th, 2014 35 Pages
Dr. Vikhe Patil Foundation’s
Pravara Centre for Management Research and Development

SPECIALIZATION: FINANCE
SEMESTER III – Aug - Nov 2014

QUESTION BANK ON DIRECT TAXATION
Compiled by Mrs. Divya Y. Lakhani

RESIDENTIAL STATUS

1. Mr. Jai left India for the first time on May 20, 2012. During the financial year 2014-15 he came to India once on May 27, for 53 days. Determine his residential status for A.Y.2015-16.

2. Mr. Viru comes to India for the first time, on April 16, 2012. During his stay in India up to Oct.5, 2014, he stays at Delhi up to April 10, 2014 and thereafter remains in Pune till his departure from India. Determine his residential status for A.Y. 2015-16

3. Mr. JOLLY, an Indian citizen who is appointed as
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2015-16 for different residential status?

2. Mr. Tom earns the following during the previous 2014-15

| |Rs. |
|Interest from an Indian Co. received in London |1,15,000 |
|Pension from former employer in India received in USA |4,00,000 |
|Profits earned from a business in Paris which is controlled in India, Half of the profits from such business received in |2,22,000 |

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