06 January 2010
Section 5(3) states provisions for Non-Residents. According to that section, following income will be taxable in the hands of NON-RESIDENT. a) All income received or deemed to be received in India, whether arise outside india. b) All Income arised or deedmed to be arise in india, whether received outside india.
**If Non-Resident is Exceeding age of 65 year, even then he will not under category of senior citizen. Therefore, for him maximum exemption limit will be Rs. 1,60,000 for A.Y. 2010-11
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