Question

Resident Consultant means the tax consultant who is physically present 70% of the time to conduct and carryout his/her duties in the principle or branch office. True or False?

Answer 1

A resident consultant is a tax consultant who is physically present for 70% of their working time to conduct their duties in the principal or branch office.

Step-by-step explanation:

The statement is True. A resident consultant is a tax consultant who is physically present for 70% of their working time to conduct their duties in the principal or branch office.

This means that they are physically available and accessible to provide tax consultation services to clients on a consistent basis. Being physically present helps establish trust and allows for effective communication with clients.