What is Foreign Income

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1 Points Posted on 07 October 2022
Is income received or accrued outside India but controlled in India foreign income???
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On 07 October 2022 at 22:28 Report
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This discussion clarifies that whether income is received or accrued outside India, but controlled within India, is determined by your residential status, not the income's origin. Section 6(1) of the Income Tax Act is crucial in establishing your residential status, which in turn dictates the extent of your taxable income in India.

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12244 Points Posted on 08 October 2022
Indian income or foreign income is irrelevant, residential status of the assessee determines the scope of taxable income
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On 08 October 2022 at 05:01
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28246 Points Posted on 08 October 2022
Incidence of taxation and residential status Sec 6(1) is important.
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On 08 October 2022 at 21:21

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