Akarsh Goyal (Student-CA Final) (1357 Points)
26 August 2012WHAT WILL BE THE TREATMENT OF THE FOLLOWING:-
NOTE: NO INFO IS GIVEN REGARING THE RESIDENTIAL STATUS.
CA Rakesh Garg
(Asst. MGR Taxation)
(510 Points)
Replied 27 August 2012
Taxability depends upon the Residential Status,
If assesse is R& OR, then Loss from Business and Income from HP will be taxable in India.
If Assesse in R NOR then Bus Loss will be Taxable in India and Income HP not be taxable becz recived in London
If Assesse in NR then Bus Loss will be Taxable in India and Income HP not be taxable becz recived in London
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
