alleryStart learning →On what income is a person resident in India liable to Indian income tax?
AOnly Indian-source income
BOnly remitted income
CTotal world income
DOnly business income
Answer & Solution
Correct answer: C. Total world income
A resident is taxed on global income, while a non-resident is taxed only on income arising in India.
Keep practising Income-tax Basic Concepts
Browse all Income-tax Basic Concepts questions for CA Inter, or explore more Taxation topics.
Related questions
Which section governs deduction for charitable contributions?A deduction for medical insurance premium falls under which section?Which section allows a deduction for interest on a student loan?The Lumbini pillar inscription of Ashoka records tax relief to one-eighth instead of what?Choosing the New Tax Regime's reduced rates means giving up what?Late fees for delayed filing of a return are payable under which section?Under section 270A, misreported income attracts a penalty of what share of the tax?Scrutiny assessment is made under which section?