1.

What Is The Relation Between Residential Status And Taxability Of Income In India?

Answer»

The relation between the taxability of income and residential status in INDIA:

Status----taxable Income

  • ROR ---All Income
  • RNOR—All Income EXCEPT income ACCRUING or ARISING outside India.
  • Note: Income from a business controlled from India ETC is taxable.
  • NR----Only income received/deemed to be received/accrued/deemed to be accrued in India is taxable

The relation between the taxability of income and residential status in India:

Status----taxable Income


Discussion

No Comment Found

Related InterviewSolutions