alleryStart learning →Interest paid by a resident on a loan for business abroad is
Ataxable in India if remitted
Bdeemed to accrue in India
Cnot deemed to accrue in India
Dtaxable as salary income
Answer & Solution
Correct answer: C. not deemed to accrue in India
Interest on money borrowed by a resident for a business or source of income outside India is not deemed to accrue in India.
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