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Income for the assessment year 2008-09

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(Querist)
23 June 2008 Interest on Uk Govt bonds half of which is recd in India -4000.PLz tell me sir,whether this an Indian Income,if yes,How much should be taken for
a.R&Or
b.R&NOR
c.NRI
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Pranesh

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Pranesh (Expert)
23 June 2008 Taxability of income depends on the residential status od the assessee.

for R&OR - whole amount is taxable.
for R&NOR - amount received in india is taxable.
for NRI - amount received in india is taxable.
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PC-www.bharadwajinstitute.com

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PC-www.bharadwajinstitute.com (Expert)
24 June 2008 Since the amount is RECEIVED IN INDIA.. for all cases it is taxable...
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