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QUESTIONS
IMMOVABLE PROPERTY EXAMPLES
1.Property situated in India
View AnswerIt is income accrued or arise in India. Hence taxable for all (ROR,RNOR,ROR)
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2.Property situated outside India but rent received in India
View AnswerAny income which is received in India is taxable for all (ROR,RNOR,ROR)
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3.Property situated outside India but rent received outside India
View AnswerSince,it is received outside india and not from business, it is taxable for ROR only
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4.Property situated outside India received there but later sent to India
View AnswerDate of first receipt is relevant
Since, it is first received outside india and not from business, it is taxable for ROR only
Interest / Royalty / Fees for Technical Services
Interest / royalty / technical service fees received in India
View AnswerAny income which is received in India is taxable for all (ROR,RNOR,ROR)
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Interest / royalty / technical service fees received outside India from Government
View AnswerSince it is received from Indian Government, it would be deemed to accrue or arise in India
Hence taxable for all
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Interest / royalty / technical service fees received outside India, from Resident
View AnswerIf it is paid for running business outside India, it is taxable for ROR
If it is paid for running business in India, it would be deemed to accrue or arise in India
Hence taxable for all
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Interest / royalty / technical service fees received outside India, from Non Resident
View AnswerIf it is paid for running business outside India, it is taxable for ROR
If it is paid for running business in India, it would be deemed to accrue or arise in India
Hence taxable for all
Profits from Business
Profits from Business in India
View AnswerSince business is situated in India, there is business connection in India, it would be deemed to accrue or arise in India. Hence taxable for all
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Profits from Business outside India received in India
View AnswerIf is received in India,
it is taxable for all
Profits from Business outside India received in India
View AnswerIf it is received outside India, but business controlled from India, it is taxable for Residents (ROR/RNOR) i.e. not taxable for Non Residents
If it is received outside India, but business is controlled from outside India, it is taxable for ROR only. (i.e. not taxable for RNOR/NR)
