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

View Answer

(2) Profits of business in USA received in India

View Answer

(3) Property in Dubai rent received In India

View Answer
  1. Income Tax
  2. Residential Status

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 11 years. He also provides Accounts Tax GST Training in Delhi and Pune.