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Residential status

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(Querist)
16 August 2012
for ordinary residence person is liable for tax in india if he earns income outside india
and received out isde india?why?
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Pankaj Gupta

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Pankaj Gupta (Expert)
16 August 2012 If a person with status "RESIDENT AND ORDINARY RESIDENT" receives any any income anywhere in the world then his whole of that income is taxable in India. But relief u/s 90 and 91 can be claimed by him.
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rao vivek dilipkumar

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rao vivek dilipkumar (Querist)
17 August 2012
thank you sir.
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rao vivek dilipkumar

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rao vivek dilipkumar (Querist)
17 August 2012 in which purpose we compute degree of operating leverage? and it's answer is what indicates?

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