Income From India and Out Of India
This query is : Resolved
14 July 2024
If someone is retired person in India and having Pension + Interest Income in India.
And Also he moved out of India and having Income in Out of India
So if he files his Income Tax Return in India should he need to show NRI Income in India
And Also he moved out of India and having Income in Out of India
So if he files his Income Tax Return in India should he need to show NRI Income in India
15 July 2024
Depends upon his/her residential status.
If Resident Indian, then yes, he is liable for assessment over his global income.
But if NRI, then only income earned or accrued in India is taxable under IT act, 1961.
If Resident Indian, then yes, he is liable for assessment over his global income.
But if NRI, then only income earned or accrued in India is taxable under IT act, 1961.
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25 August 2024
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