There are 3 different types of Income

1.Income Received in India
2.Income Accrued or Arise in India
3.Income Accrued or Arise outside India.It can be from
    (a)From a business Controlled in India
    (b) Other Cases(Not business income but business income not controlled from India)

 

Their taxability depends upon Residential Status as mentione below

Type of Income ROR RNOR NR
Income Received in India Taxable Taxable Taxable
Income Accrued or Arise in India Taxable Taxable Taxable
Income Accrued or Arise outside  India      
       From a business Controlled in India Taxable Taxable Not taxable
       Other Cases Taxable Not taxable Not taxable

 

 

Lets study these Incomes in detail one by one

  1. Income Tax
  2. Residential Status
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Davneet Singh's photo - Teacher, Computer Engineer, Marketer
Davneet Singh
Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 8 years. He provides courses for Maths and Science at Teachoo. You can check his NCERT Solutions from Class 6 to 12.