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Tax Liability of the income in India

Tax Liability of income in India depends on the Residential Status as mentioned below:
 

1. A person who is a non-resident (NRI):

  1. Income earned from any source in India e.g. interest from investments in India, capital gains from investments and immovable property in India etc. is taxable in India.
  2. Any other Income earned or received in India is taxable in India.
  3. Income other than the above is not taxable in India.

2. A person who is resident but not-ordinarily resident (RNOR):

  1. Income earned from any source in India e.g. interest from investments in India, capital gains from investments and immovable property in India etc. is taxable is India.
  2. Income earned outside India from Business controlled or profession set-up in India is taxable in India.
  3. Any other Income earned or received in India is taxable in India

Income other than above is not taxable.

3. A person, who is Resident and ordinarily Resident in India, is liable to pay tax in India on his world income.

To determine your residential status in India, you need to provide us details of your stay in India.
 
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