Any income which is 

recieved in India


deemed to be received in India

is taxable for all assessees


Income Deemed to be Recieved Also Covered here

Following Income shall deemed to be always received in India

                (a) Contribution to RPF> 12% of salary

                (b) Interest on RPF>  9.5% p.a.

                (c) Transfer from URPF to RPF

                (d) Contribution by Central Government to employees pension scheme under section 80CCD



Date of first receipt is relevant


For example

1.Income received in India but later Remitted or used in USA

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(2) Profits of business in USA received in India

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(3) Property in Dubai rent received In India

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  1. Income Tax
  2. Residential Status
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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides GST Training in Delhi. Register now.