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What is foreign Income, is Foreign Income of Non-Resident Taxable ?

myITreturn Helpdesk
  • Updated

Income is said to be foreign income when income is neither received in India nor does it accrue or arise in India. A Foreign Income is not taxable in India in the hands of Non-Residents.

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1 comment

Date Votes
  • anharkauli

    I WAS NRI LAST YEAR. NOW I AM RESIDENT BUT NOT ORDINARILY RESIDENT IS FOREIGN ASSET TAXABLE?

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