NRE INCOME

333 views
User Avatar

INCOME TAX PRACTITIONER
1023 Points Posted on 17 May 2020

SIR,

A PERSON HAVING BUSINESS IN FEW OVERSEAS COUNTRIES. HE IS THE PROPRIETOR OF ALL OF THEM.,

BUT HIS BUSINESS MANAGED BY EMPLOYEES, HE IS MORE THAN 220 DAYS LIVES IN INDIA, ALL HIS INCOMES ARE DEPOSIT MONEY IN TO HIS INDIAN BANK ACCOUNTS, 

IS THESE AMOUNTS ARE CONSIDERED NRE INCOME OR NOT? 

0 Reply Share Follow Topic
On 17 May 2020 at 18:09 Report
Replies (1)
User Avatar

CA-PRACTICE
135 Points Posted on 17 May 2020
If the asssesse is Resident and ordinarily resident his global income will be taxable in India and if any tax paid outside india same will be allowed as deduction as per DTAA. Deeming the same in the above case .
2 Reply
On 17 May 2020 at 22:41

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. “Income Tax Implications of Company-Related
  2. Advice needed: Hypothetical case of non-filing of
  3. Demand Raised for Cess Amount Despite Section 89 R
  4. WRONG BILL NO FILED IN GST R1
  5. Addtional trade name for my another firm
  6. Commission / Agency Business without books: REAL E
  7. Difference between AIS and 26AS data.
  8. Applicability of FCRA to Article Processing Fees (
  9. GST Return
  10. Practical queries on buy back of shares

More recent discussions | Post

Related Topics :

Loading

Latest Job Openings

View all
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details
Company
ARTICLESHIP 25 October 2026
Article Intern (CA Articleship)

Arpan Bohra & Co

Hyderabad

CA Inter

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details