Q1. I could not understand these terms and treatment. PLS explain with illustration.
(1). Gratuitous Payment
(2). Ex-gartia Payment
(3) Income received “IN KIND”
(4) Past Untaxed Profits.(In residential Status)
Q2. . I could not understand these terms. PLS explain with illustration.
(1). AOP (2). BOI (3).A local authority (4). Artificial Jurisdiction Person
(5). Undivided India
(Pls don’t use bookish language in Q2. b’coz I have read this from books but could not understand. Explain in your own words)
Q3. Domestic Co. Vs. Indian company (For the purpose taxation)
(PLS MENSION SECTIONS WHEREVER IS APPLICABLE)
CAclubindia
