Let say
Mr A who is resident for A.Y2021-22
1. Receive $2000 as interest on fixed deposit in new york federal bank.
2. Has computed income of ₹432000
from income from house property.
3.receive arrears of rent in p.y of ₹90000
4.sale 6.5% gold bonds,1977 for ₹80000,cost of which is 52000.assume holding period of 23 months.
compute total income of Mr A for A.Y2021-22
Around 5,46,000 rupees will be total income.
Interest income will not be taxable in India as the income is not accrued in India
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