Income for the assessment year 2008-09
This query is : Resolved
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
a.R&Or
b.R&NOR
c.NRI
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.
for R&OR - whole amount is taxable.
for R&NOR - amount received in india is taxable.
for NRI - amount received in india is taxable.
24 June 2008
Since the amount is RECEIVED IN INDIA.. for all cases it is taxable...
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