Profit from business in Canada controlled from Mumbai (60% of profits deposited in a bank in Canada and 40% remitted to india)
Plz tell me whether this will be conunted while computing GTI of NR and if yes then how much amount?
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Computation of Gross Total Income
Replies (2)
if controlled from mumbai, it is deemed to be accrued or arise in india. and whole amount taxable in india
IN UR CASE FULL PROFIT IS TAXABLE BUSINEES CONTROLLED FROM INDIA. BUT ASSEESEE IS NRI THEN NOT TAXABLE
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