Foreign income taxability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 August 2017
A partnership firm is registered in India . It receives foreign income from USA. What will be the taxability of that income ? Will it be taxable in India ?
Note: No tax has been deducted on that income in USA.
Note: No tax has been deducted on that income in USA.
04 August 2017
Yes, generally global income is taxable for a resident partnership firm.
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