If business is situated outside india
and control and management is from india will the loss from business be included in TI of that indian resident
Menu
BUSINESS OUTSIDE INDIA
Replies (2)
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.
thanku for info
Recent Threads
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
- SAC code and GST rate transport services for anima
- Section 44AB is Gone — How Different is Tax
- Capital Gains from Cancelled Residential Project
Related Threads
CAclubindia
