I have a query that what is the difference from Taxability point of view between RNOR and NR
What I understand is that the only difference is
Income earned outside India out of a business controlled from India or a profession set up in India
RNOR: Pay Tax
NR: NO Tax
Please correct me If I am wrong,also suggest the difference of taxability between two.
YES U ARE IN CORRECT PATH 
| Originally posted by : rishabh khaitan | ||
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I have a query that what is the difference from Taxability point of view between RNOR and NR What I understand is that the only difference is Income earned outside India out of a business controlled from India or a profession set up in India RNOR: Pay Tax NR: NO Tax Please correct me If I am wrong,also suggest the difference of taxability between two. |
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You are correct . All assessees, whether resident or not, are chargeable to tax in respect of their income accured, arisen, received or deemed to accrue, arise or to be received in India whereas residents alone are chargeable to tax in respect of income which accrues or arisen outside India.
CAclubindia
