GK
TAXES IN INDIA
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Question
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Incomes which accrue or arise outside India but are received directly into India are 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: -In case of resident taxpayer all his income would be taxable in India, irrespective of the fact that income is earned or has accrued to taxpayer outside India. However, in case of non-resident all income which accrues or arises outside India would not be taxable in India.
Detailed explanation-2: -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.
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