Property In a foreign country: Generally in Case of the assessee is not resident in India or resident but not ordinarily resident in India, income from a property situated in foreign country will be taxable in India only when it is received in India during the year.
I have a query, suppose an Individual earned income of Rs. 1,25,000 from a property situated in foreign country in previous year 2008-09 and it is received the same in India in previous year 2009-10, then it will taxable or not ?
Pls advise...
CAclubindia
