Direction.
DIRECTIONS (Qs. 121-125) : In each of the following questions a short passage is given with one of the lines in the passage missing and represented by a blank. Select the best out of the five answer choices given, to make the passage complete and coherent (coherent means logically complete and sound).
However, it is possible that the non -resident entity may have a business connection with the resident Indian entity. In such a case, the resident Indian entity could be treated as Permanent Establishment of the nonresident entity. ……………During the last decade or so, India has seen a steady growth of outsourcing of business processes by non residents or foreign companies to IT -enabled entities in India. Such entities are either branches or associated enterprises of the foreign enterprise or an independent India enterprise. The nonresident entity or foreign company will be liable to tax in India only if the IT -enabled BPO unit in India constitutes its Permanent Establishment.
The tax treatment of the Permanent Establishment in such a case is under consideration
How would the profit would be shared is not decided yet?
A lengthy and cumber some process requiring a lot of application of mind and revenue principles is ahead for the tax department of India
A new trend is seen in last decade.
Correct Answer :
D. A new trend is seen in last decade.
The second sentence--- In such a case…..Indian entity could be treated….. Again the sentence that runs after the blank….During the last decade or so, suggests option (d), A new trend is seen in last decade is the correct choice.
Related Questions
If the rupee depreciates, how the exporters are affected?
They are unaffected
They are in loss
They are in profit
They get credit crunch
The village headman was unlettered, but he was no fool, he could see through the mystery of the businessmans proposition and promptly moved him down.
deception, forced
naivete, turned
potential, forced
sophistry, turned
Assembly is a _______ based low-level language replacing binary machine-code instructions, which are very hard to remember, it is the classic and uncontroversial example of a low level language.
Memory
High Level
Key
Mnemonic
Which of the following does not fall into the functions of Payments Banks?
acceptance of demand deposits
Internet banking
remittance services
lending services
Statement : M @ O, O % P, P � N
Conclusion:
I. P � M
II. N @ O
III. N % O
Only I is true
Ony II is true
Both II and III are true
Either II or III is true
The code for the word ' Table'
26×A
17%O
14$A
22$ E
According to the given code, what is the code for 'M' ?
12
8
10
7
Who among the following have seminar on Friday?
I, E
H, J
B, A
D, E
The Maximum City: Bombay Lost and Found was written by _____________.
Vikram Seth
Suketu Mehta
Upamanyu Chatterjee
Arundhati Roy
Which agency in India provides refinance of export credit?
SIDBI
NABARD
RBI
EXIM Bank
The high-security banknote production facility which is credited with the design of the Rs 2000 banknote has been set up at _____________ .
Nasik
Dewas
Mysuru
Noida
Which of the following awards is given in the field of literature?
Arjuna Award
Ashok Chakra
Vyas Samman
Bharat Award
From the given options, choose the option that does not fit into the theme of the passage.
The reference was to China, a country that has been courting Pakistan for several years through a number of means including assistance in its nuclear programme.
After the Uri attacks, Pakistans special Kashmir envoy MushahidHussain Syed declared that the US was a waning power, suggesting that Pakistan was seeking out other allies.
The most important concern relates to the possible conflict in Pakistan between votaries of economic development and supporters of militancy.
This corridorwhich includes road, rail and port infrastructureis expected to allow China to avoid the vulnerable Indian Ocean route currently used to transport oil from the Gulf.
SAVANT
Glutton
Postulant
Shrink
Pluck
From the given options, choose the option that does not fit into the theme of the passage.
India has 13 of the 20 most polluted cities in the world, according to the World Health Organization.
The government should redouble its efforts to combat climate change, which will naturally slash not just greenhouse-gas emissions but particulates as well.
Every year, more than half a million people are estimated to die prematurely because of air pollution.
While air quality tends to worsen around this time of year as millions of Indians light firecrackers to celebrate the Diwali festival, the problem isnt limited by season or geography.
If D and F interchange their places then who among the following is on the immediate left of G?
B
D
H
F
Which among the following is not an Object Oriented Programming Language?
Python
PASCAL
Java
C++
Which of the following is the first micro finance company to start operation as a commercial bank?
Oriental Bank of Commerce
State Bank of India
Reserve Bank of India
Bandhan
What was the average no of players who participated in Football over all the years together ?
11417
11490
12476
10976
6(7/11) × 5(4/9) � 9(1/4) = ?
21
13
9
4
After two years, high inflation moderated in the later part of 2011-12 in response to past monetary tightening and growth deceleration. High inflation had adverse consequences on welfare and on saving and investment, particularly household saving in financial assets. The most serious consequence of inflation is …………………… As growth slowed down, in part due to high inflation, it further reduced the welfare of the common man through adverse impact on employment and incomes.
its destructive allocation impact on the industries that were lately coming up.
its negative impact on the rich and high-profile people.
its adverse distributional impact on the poor, people without social security and pensioners.
its unfavourable bearing on day to day commodities that are used by the common man.
Find the ratio between the no of students participated in Cricket & Football in 2001 to the total no of students participated in Cricket and Tennis in 2004 ?
20 : 17
65 : 63
60 : 43
55 : 52
Let us understand the definition of metaphysics, a purely speculative science, which occupies a completely isolated position and is entirely independent of the teachings of experience. It deals with mere conceptionsnot, like mathematics, with conceptions applied to intuitionand in it, reason is the pupil of itself alone. It is the oldest of the sciences. (_________________)
And it would struggle to survive without the architecture of mathematical support that it draws its strength from
Yet it continued to baffle mankind because of its abstractions
But it has never had and never will have the good fortune to attain to the sure scientific method
And it would still survive, even if all the rest were swallowed up in the abyss of an all-destroying barbarism
Who amongst the following lives exactly between H and the one who owns Lenovo Laptop?
B, C
G, D
F, G
E, A
A and B can do a piece of work in 24 and 30 days respectively. Both started the work and worked for 6 days. Then B leaves the work and C joins and the remaining work is completed by A and C together in 11 days. Find the days in which C alone can do the work
80
100
120
130
Statements: All trees are plants. All houses are trees. Some pots are plants. All tools are plants.
Conclusions:
I. Some plants are not houses
II. Some tools being trees is a possibility
III. All pots are tools is a possibility.
IV. All houses are tools is a possibility.
Only III and IV follow
Only II, III, and IV follow
Only I and IV follow.
All follow.
How many people live between C and the one who owns DELL?
Four
Three
Two
Five
Which state government has enacted a stringent law called Protection of Internal Security Act to deal with the challenges of terrorism, insurgency, communalism and caste violence?
Gujarat
Uttar Pradesh
Bihar
Maharashtra
In Computer programming there is set of subroutine definitions, protocols, and tools for building software and applications. Which among the following is a term for sets of requirements that govern how one application can talk to another?
UPS
API
CGI
J2EE
The average value of property of Agil, Mugilan and Anitha is 130cr. The Property of Agil is 20cr greater than the property value of Mugilan and Anitha property value is 50cr greater than the Agil property value. The value of property of Anitha is
120 cr
170 cr
100 cr
150 cr