BUSINESS OUTSIDE INDIA
Saksham Chamoli (26 Points)
09 May 2019and control and management is from india will the loss from business be included in TI of that indian resident
Saksham Chamoli (26 Points)
09 May 2019
Deepak Gupta
(CA Student)
(15922 Points)
Replied 10 May 2019
In case of ROR, control of business doesn't matter. Global income, wherever earned or received, will be taxable.
In case of RNOR, global income shall be taxable when the business is controlled from India.
Note: Income also includes loss, which shall be deductible.
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