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What is Incidence of Tax in the case of Resident but Not-ordinarily Resident?

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posted Jul 14 by Prachi

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1 Answer

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A Resident but Not-ordinarily Resident is taxable in respect of
- Income which is received or deemed to be received in India in the previous year.
- Income which accrues or arises or is deemed to accrue or arise in India during the previous year.
- Income which accrues or arises outside India from a business controlled or profession set up in India.
- Income received outside India from a business controlled or profession set up in India.

answer Jul 17 by Shantanu Arora
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