02 December 2014
what is effect of interest on capital earned in india by NRI partner of U.K. ? whether it's Taxable in India Or in U.K.? under which section it is provided ? Please provide Link Of related query.
03 December 2014
As per section 9 any income received or deemed to be received or income accrue or deemed to be accrue India shall be taxable in India in all cases irrespective of status of asseessee.
Therefore, in your case it will be taxable in India.
Note: for detailed understanding read section 9 of Income Tax Act, 1961 thoroughly.
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