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Residential status query

rishabh khaitan (articleship) (78 Points)

29 March 2018

I have a query that what is the difference from Taxability point of view between RNOR and NR

What I understand is that the only difference is

Income earned outside India out of a business controlled from India or a profession set up in India

RNOR: Pay Tax

NR: NO Tax

Please correct me If I am wrong,also suggest the difference of taxability between two.

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3 Replies

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 29 March 2018

YES U ARE IN CORRECT PATH

tripti (ca article) (209 Points)
Replied 29 March 2018

Originally posted by : rishabh khaitan
	I have a query that what is the difference from Taxability point of view between RNOR and NR What I understand is that the only difference is Income earned outside India out of a business controlled from India or a profession set up in India RNOR: Pay Tax NR: NO Tax Please correct me If I am wrong,also suggest the difference of taxability between two.

You are correct . All assessees, whether resident or not, are chargeable to tax in respect of their income accured, arisen, received or deemed to accrue, arise or to be received in India whereas residents alone are chargeable to tax in respect of income which accrues or arisen outside India.