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Taxable income


25 February 2014 Hello,

Receipt of Share of Profit frpm abroad firm (firm in abroad) is taxable to resident in india or not.

Share is accrued outside India and received out side India.

Thanks in advance.

25 February 2014 It is not taxable in India as you have already paid taxes of that country and the income has been earned outside India but if no tax has been paid in that country then at the time of bringing that income minimum 20% plus SC is to be paid in India

21 March 2014 Hello Sir,

Can you mention Section for above explanation?

Thanks in advance.


22 March 2014 please help on above



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