Residential status

This query is : Resolved 

16 August 2012
for ordinary residence person is liable for tax in india if he earns income outside india
and received out isde india?why?

16 August 2012 If a person with status "RESIDENT AND ORDINARY RESIDENT" receives any any income anywhere in the world then his whole of that income is taxable in India. But relief u/s 90 and 91 can be claimed by him.

17 August 2012
thank you sir.

17 August 2012 in which purpose we compute degree of operating leverage? and it's answer is what indicates?


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