Check sibling questions

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

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CA Maninder Singh is a Chartered Accountant for the past 12 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.