CA Pankaj Ranawat
(Assistant Manager)
(86 Points)
Replied 15 November 2012
Tanya Be clear... you are asking for resident???........ If for resident the global income is taxable.... no matter whereever it is received ............... Controlled from India ... taxable for residents and also for resident but not ordinarily resident,.... If pension received in india then taxable for everyone (Even for non - resident) If pension received outside india and received or later remitted to india... then taxable only for resident in the year of first receipt... Loss from srilankan business can be set off against indian business
Correct if i am wrong
Regards
CA Pankaj
CAclubindia
