Tax on Resident on Global Income & Tax on NR on Indian Income (Individual)

Dear Sir,

    I have prepared taxation on resident on global income and on Non Resident Indian Income. Please go through attached file. Your sugesstion / Correction will be highly appriciated.

 

Thanks 

Dipak Sonawane

 


Attached File : 966193 20240803111228 taxation 1.doc downloaded: 140 times
Replies (2)
Quick Summary
This discussion clarifies the tax implications for individuals based on their residency status. UK residents are taxed on their worldwide income, meaning all earnings, regardless of where they are generated, are subject to UK tax. Conversely, non-residents are only liable for taxes on income earned within India.

PFA attached my presentation.

  • Residents (ROR): Taxed on worldwide income.

  • Non-Residents (NR): Taxed only on Indian income.

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