Alpha Ltd. is an Indian company. It carries its business in Delhi and London. Total control and management of the company is situated in London. More than 85% of its business income is from the business in England. If so, its residential status will be –
A. Resident
B. Non-resident
C. Not ordinarily resident
D. Foreign company
Answer:B
Alpha Ltd. is an Indian company. It carries its business in Delhi and London. Total control and management of the company is situated in London. More than 85% of its business income is from the business in England. If so, its residential status will be –
A. Resident B. Non-resident C. Not ordinarily resident D. Foreign company