19 November 2013
It is taxable as the same has been received in India. Further the residential status of the receiver is if Resident and Ordinary Resident, income received in India as well as received out of India , both will be taxable. .
20 November 2013
here residential status of person is not mentioned, suppose if the person is non resident in india the how can it is taxable. first of all residential status of person to be mentioned in question
CAclubindia
