Interest from NTPC

any income of an indian company is taxable in india... but relief can b sought if thr is a DTAA agreement between the country in which investment is made and india...

Dear Siva,

In case of RNOR - Income accrure outside India from any Business controlled in or Profession Set up in India is taxable in India..[Proviso to Sec 5(1)]

In view of the above,  interest on NTPC Bonds & SBI FD will be taxable in India.....

For a Resident but Not Ordinary ...

Income earned and accued in India - taxable

Income earned and received outside India but business is controlled in india - Taxable..

so agree with Mr.Amir's reply....

Resident but Not Ordinary - Income earned and received outside India but business is controlled in india is taxable