WHAT WILL BE THE TREATMENT OF THE FOLLOWING:-
NOTE: NO INFO IS GIVEN REGARING THE RESIDENTIAL STATUS.
Taxability depends upon the Residential Status,
If assesse is R& OR, then Loss from Business and Income from HP will be taxable in India.
If Assesse in R NOR then Bus Loss will be Taxable in India and Income HP not be taxable becz recived in London
If Assesse in NR then Bus Loss will be Taxable in India and Income HP not be taxable becz recived in London
Shyam Joshi & Associates
Pune
B.Com
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BHUPINDER SHAH AND COMPANY
New Delhi
CA Inter
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CAclubindia
