Question

Discuss whether the following incomes are taxable or not in India:

a) A non-resident owns a residential house in Delhi which is given on rent to a

foreign embassy. Rent is, however, payable outside India in foreign currency.

b) A non-resident purchases goods from India and sells these goods abroad at

profit. The amount of sale is collected abroad.

c) Interest on loan is paid by the govt. of India to a non-resident person outside

India.

d) A non-resident owns a commercial building in Mumbai which is transferred to

another non-resident outside India. The consideration is payable in a foreign

currency outside India.

e) A non-resident Indian is presently appointed by the Government of India in its

embassy at Russia. Salary for rendering services is paid to him in foreign

currency outside India.

f) A Not Ordinarily resident receives dividend and interest from companies

registered outside India but deriving its income in India. The dividend is

declared and transferred in his NRE account. Interest is transferred to his NRO

accoun​

Answer 1

Explanation:

B point is non taxable and rest are taxable in India as per sec 9 of IT Act