Is there any shortcut to remember which income is accrue or arise in India & deemed to be accrue or arise in India...
Replies (2)
Quick Summary
This discussion clarifies which incomes are considered to accrue or arise in India, or are deemed to do so, according to Section 9 of the Income Tax Act 1961. It provides examples such as capital gains and income from house property, noting that these are typically accrued where the property is located. The advice suggests creating personal shortcuts by remembering key terms for different income types.
Refer the Provision of Section 9 of the Income Tax Act 1961 to know about which Incomes are deemed to be accrued or arise in India. For example :
Capital Gain and Income from House Property is accrued at a place where the property is located. Similarly, there are many cases. You can make shortcuts by your own by remembering one or two imp words of the various incomes.
Leave a Reply
Your are not logged in . Please login to post replies