International taxation ca final

“Place of effective management” means a place where ____________________ that are necessary for the conduct of the business of an entity as a whole, are in substance made.

Out of the followings, which income is not taxable in the hands of non-resident?

As per section 9(1)(ii) of the Act, salary income shall be deemed to accrue or arise in India if _________in India.

As per section 9(1)(v), interest payable by government shall always be __________.

Any transfer of a capital asset, being ______________, made by a non-resident to another non resident is not treated as transfer provided that transfer is made outside India.

Subject to certain conditions mentioned under first proviso to section 48, the benefit of indexation is not available to the non-resident assessee while computing capital gain on transfer
of ____________.

Section 44B of the Act provides that notwithstanding anything to the contrary contained in section 28 to 43A in the case of an assessee, who is a non-resident and is engaged in the business
of operation of ships, a sum equal to ________% of prescribed amount shall be deemed to be the profits of such business.

Section 44BBA of the Act provides that notwithstanding anything to the contrary contained in
section 28 to 43A in the case of an assessee, who is a non-resident and is engaged in the business of operation of aircraft, a sum equal to ________% of prescribed amount shall be deemed to be
the profits of such business.

Under section 44 C of the Act, maximum deduction in respect of head office expenses of a nonresident assessee shall not exceed ________.

As per section 115A(1)(b) of the Act, royalty or fees for technical services earned by non-resident shall be taxed at _________.

As per section 115BBA of the Act, income from participation in any game or sport earned by non resident foreign national sportsman shall be taxed at _________.

As per section 115Eof the Act, income arising from “Foreign Exchange Asset” in the hands of non resident Indian shall be taxed at _________.

Identify the income which is exempt in the hands of non-resident.

Identify the person who may be regarded as representative assessee as defined under section 160 of the Act.

Identify the person who may not be regarded as agent of non-resident as defined under section 163 of the Act.

While taxing income India follows:

Coverage of agreement entered into section 90 may include provisions for:

The provisions relating to unilateral relief are contained in section ______.

Out of the following forms, which form is not relevant for making an application to Authority of Advance Rulings?

International transaction means specified transactions between two or more associated enterprises where, either or both of whom are ________.

Out of the followings, which method has no relevance in determining Arm’s Length Price under section 92 C of the Act.

______________ has been empowered to formulate safe harbor rules i.e. to provide the circumstances in which the income-tax authorities shall accept the transfer price declared by the assessee.

Advance pricing agreements (APA) may be ______________.

Secondary adjustment under section 92CE is not required to be done where a primary adjustment to the transfer price,

Every person who has entered into an international transaction or specified domestic transaction during a previous year shall obtain a report from an accountant and furnish such report on or before the specified date in Form No. _____ duly signed and verified in the prescribed manner by such accountant and setting forth such particulars as may be prescribed.

Every person who has entered into an international transaction or specified domestic transaction during a previous year shall obtain a report from an accountant and furnish such report on or before the ___________ in the prescribed form duly signed and verified in the prescribed manner by such accountant and setting forth such particulars as may be prescribed.

The assessing officer has made an addition of Rs. 50 lakh due to application of arm’s length price in the hands of Jamuna Cleaning Services Ltd. (JC SL) Against such addition, –

In respect of payment made to a person located in a Notified Jurisdictional Area (NJA), tax is deductible at higher of the rate specified in the Income-tax Act 1961 or rates in force or

Section 92 requires that international transaction carried out between ____________ must be at arm’s length price

The law relating to transfer pricing as provided under section 92 shall apply only if the aggregate value of specified domestic transactions entered into by the taxpayer during the year exceeds_________.