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Income tax
a non resident, earned Rs. 36,000 as interest on German Development Bonds. He received 1/6 of this amount in India. The amount to be included as interest for the computation of his Gross Total Income is:
a. Rs. 36,000
b. Rs. 30,000
c. Rs. 6,000
d. NIL
Replies (1)
- In case of non-residents, income accrued and received outside India (foreign income) is not taxable in India
- But if such income is either accrued or received in India (indian income), then taxable in India.
- So in this case, 6k is taxable in India (assuming the balance is foreign income)
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