Pl. clarify this
In question No. 2 which is about Residential Status-
Income from a business in Newyork controlled from Chennai is taxable in the hands of ROR, RNOR, but when the Income from a business in USA controlled from coimbatore is taxable in the hands of ROR, RNOR and NR. Why?
Both Chennai and coimbatore is in India only, but why different treatment. please clarify.
Thanks in advance.....
In both the cases it is not taxable in the hands of NR.
( May be the there is some mistake in the solution ).
| Originally posted by :Rohit | ||
| " | In both the cases it is not taxable in the hands of NR. ( May be the there is some mistake in the solution ). |
" |
Thanks... I too had the feeling that solution may not be correct
CAclubindia
