Under Section 5 ITA 1961, the SCOPE OF TOTAL INCOME of a RESIDENT and …

Question

Under Section 5 ITA 1961, the SCOPE OF TOTAL INCOME of a RESIDENT and ORDINARILY RESIDENT (ROR) includes:

Accepted Answer

C. ALL INCOMES from whatever source — received/deemed received in India, OR accrued/arising in India, OR accrued/arising OUTSIDE India (worldwide income)

1. Section 5(1) Income Tax Act 1961: Scope of total income for ROR includes (a) income received or deemed received in India; (b) income accruing or arising in India; (c) income accruing or arising OUTSIDE India.
2. RNOR: only (a) + (b) — global income excluded unless from business controlled in India.
3. NON-RESIDENT (NR): only (a) + (b).
4. The scope expands based on residential status — ROR taxed on worldwide income, NR only on India-sourced income.
5. Hence option B is correct.
_Source: CS Executive Paper 4 Tax Laws (ICSI BoS) + Income Tax Act 1961 + CGST Act 2017 — Income Tax Act 1961, Section 5_

Answer

only India-sourced income (cf. Income Tax Act 1961, Section 5) (cf. Income Tax Act 1961, Section 5) (cf. Income Tax Act 1961, Section 5)

Answer

only Indian income (cf. Income Tax Act 1961, Section 5) (cf. Income Tax Act 1961, Section 5) (cf. Income Tax Act 1961, Section 5)

Answer

only foreign income (cf. Income Tax Act 1961, Section 5) (cf. Income Tax Act 1961, Section 5) (cf. Income Tax Act 1961, Section 5)