about section 9

 Whats your doubt in section 9?

I think your question is not clear , this is ascertained on the basis of involve number of days and events, so pelase ask your doubt clearly

 I guess this guy wanted to pass time!

there are two things to be seen while taxing a income

1) source of income

2) residential status

Source of income: there may be indian income or foreign income

Indian income is that income which accrue or arise in india or is received in India i.e the criteria for deciding the income to be indian income if it satisfies any one of the following condition

1) Accrue or arise/deemed to accrue or arise in India OR

2) Received or deemed to be received in India

Any Income which doesnot satifies any of the following criteria is a foreign income

Now checking the taxability the residential status of the assesse /person is to be seen

Income                                                                  ROR                      NOR                     NR

Indian Income                                                         T                              T                        T

Foreign Income                                                       T                              T                       NT

                                                                                                        (Certain Conditions)

T: Taxable

NT :Not Taxable

Indian Income will always be taxable for all type of residential status but foreign income will be  taxable only for the ROR . Foreign income of business and profession is taxable for the NOR if the business controlled from India or profession is setup in India.

there are two things to be seen while taxing a income

1) source of income

2) residential status

Source of income: there may be indian income or foreign income

Indian income is that income which accrue or arise in india or is received in India i.e the criteria for deciding the income to be indian income if it satisfies any one of the following condition

1) Accrue or arise/deemed to accrue or arise in India OR

2) Received or deemed to be received in India

Any Income which doesnot satifies any of the following criteria is a foreign income

Now checking the taxability the residential status of the assesse /person is to be seen

Income                                                                  ROR                      NOR                     NR

Indian Income                                                         T                              T                        T

Foreign Income                                                       T                              T                       NT

                                                                                                        (Certain Conditions)

T: Taxable

NT :Not Taxable

Indian Income will always be taxable for all type of residential status but foreign income will be  taxable only for the ROR . Foreign income of business and profession is taxable for the NOR if the business controlled from India or profession is setup in India

thanks

Hi All,

I am Working in Nagpur As Accounts Executive, Company have the Property in the Hyderabad. We are Planning to give these property on rent Basis. In that context there is one customer is come From Gulf Country that company has  offering us  some good amomunt of Rent amount. My Problem is that how we show that amount in our Books Of Accounst. And Second is That Compny has tells us that We are not Deducting any tax (TDS) on your payment. Then How that income show in my books of Accounst & Please tell me the Regular Practice for the Same.

Thanks & Regards

Yashodhan Ghodvaidya

thank u all of u for clearing the doubt