Menu
Income from World Bank - Taxability
Would income from World bank for a Resident Indian consultant be taxable in India or exempt?
Replies (12)
Normally Income from World Bank,United Organization is exempted U/s 10.
But since it is received by resident Indian...it is taxable.
But since it is received by resident Indian...it is taxable.
attn swarnamalya ... once it is exempted, how could it be taxed? please clarify
sir I can't get you
you only stated that income from world bank exempted under section 10. then how it can be taxed and under what circumstances?
Income from World Bank is exempted provided when it is received by NRI.Since he is a resident Indian it will be taxable
under which section mam?
Exempted u/s 10
yes it is exempted U/s 10
so it technically should be taxed in the hands of Resident.
section 10 innumerable subsections... pls state subsection also
10 (8)
yes,it should be taxed
Recent Threads
- Exemption from Penalty for delayed Board meeting
- TDS ON PROFESSIONAL FEES IN NON AUDIT CASE
- Penalty are applicable on short payment of GST
- Closing Stock111
- INVOCIE GENERATED FROM ONE COMPANY AND EWAY BILL G
- Ineligible itc under section 16(4) & itc restr
- Itc on when mixed sales percent in hospitality
- Apply for GST registration while working in MNC
- Deferment period for Advance Tax under Section 234
- Permanant transfer of duty free goods by Advance A
Related Threads
CAclubindia
