GK
TAXES IN INDIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Income deemed to accrue or arise in India is taxable in case of :
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Resident only
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Non-resident
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Both ordinarily resident and NOR
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All the assesses
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Explanation:
Detailed explanation-1: -As per one of the clauses of Section 9(1); the dividend paid by an Indian company outside India is deemed to accrue or arise in India and would be taxable in India in the hands of non-resident shareholders.
Detailed explanation-2: -TAX INCIDENCE Resident but not Ordinarily Resident – Income earned/ received in India; or income which accrues or arises or is deemed to accrue or arise in India or income arising abroad out of business controlled in India is taxable.
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