Resident Non-resident

Others 598 views 3 replies

Suppose Mr.A has following income in the P.Y.2010-11.

Past foreign untaxed income brought to India during the previous year.

Whether it is taxable to Mr.A if he isi)resident and ordinarily resident,ii)not ordinerily resident,iii)non-resident.

what will be the treatment in all of the above cases? And Why? Please provide reason.

Replies (3)

Received in india during th eprevious year so taxable to all persons at all status

If an income is received in a country other than india and brought to india, then taxability in the hands of assessee is as folws. 1. Resident: taxable, as resident is taxable for his global income but relief is available U/s 90 or 90A or 91. 2. Ordinarily resident: not taxable unless the income received from a business controlled from india or profession set up in india 3. Non resident: not taxable, as he is taxable only in respect of income which is accrued or deemed to be accrued or received in india. Above provisions are contained in section 5

But it is later on Brought to India????


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