Success Ltd. is an Indian company whose entire control and management of its affairs is situated outside India success Ltd is : * 1 point Resident in India Non-resident in India Not ordinarily resident in India None of these
Answers
Answered by
2
Answer:
this is ur answer
Explanation:
hope it's help you
Attachments:
Answered by
0
Success Ltd. is a non-resident company in India.
- Though Success Ltd. is an Indian company, its entire control and management of affairs are situated outside India.
- According to the Income-tax Act, 1961, the residential status of a company depends either on its incorporation or control and management of its affairs.
- Neither the commercial decisions nor the management of the company is undertaken in India.
- Since its location of necessary management is not India, Success Ltd. is a non-resident company.
Similar questions