Taxable Income of NRI

Taxable Income of NRI

• A person who is non-resident is liable to tax on that income only which is earned by him in India.

• Income is earned in India if:

• It is directly or indirectly received in India; or it accrues in India or the law construes it as having accrued in India.

• The following are some of the instances when the law construes and income to have accrued in India.

• The following are some of the instances when the law construes and income to have accrued in India.

• Income from business arising through any business connection in India, Income from property if such property is situated in India;

• Income from any asset or source if such asset or source is in India;

• Income from salaries if the services are rendered in India.

• Income from dividend paid by an Indian company even if the same is paid outside India;

• Income by easy of interest payable by the Government or by any other person in certain circumstances Income by way of Royalty if the Government or by any person in certain circumstances Income by way of fees for technical services if such fees is payable by the Government or by any other person in certain circumstances.

• If a non-resident running a news agency or publishing newspapers, magazines. Etc. earns income from activities confined to the collection of news and views in India for transmission outside India; such income is not considered to have arisen in India.