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
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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
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