137-P7 X submits the following information relevant for the previous year ending March 31, 2020 :
Profit of Business A carried on in India
Rs.
Loss of Business B carried on in India
1,80,000
Profits of business C carried on in Canada (income is earned and received in Canada and business is
(-)1,30,000
controlled from Canada)
Loss of Business D carried on in Canada (though profits are not received in India, business is controlled
21,40,000
from Delhi)
(-)1,70,000
Unabsorbed depreciation of Business D
1,52,000
Income from property situated in India
1,12,000
Income from property situated in Canada (rent is received in Canada)
1.17,000
Determine the net income of X for the assessment year 2020-21 on the assumption that he is (a) resident and ordinarily resident
in India, (b) resident and not ordinarily resident in India, and (c) non-resident in India.
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I don't know man.
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