Income from House Property Situated Outside India :
(i) In case of a resident in India (resident and ordinarily resident in case of individuals and HUF), income from property situated outside India is taxable, whether such income is brought into India or not.
(ii) In case of a non-resident or resident but not ordinarily resident in India, income from a property situated outside India is taxable only if it is received in India.
- William F. Buckley, Jr.
Latest posts by Lavish Dey (see all)
- Method of accounting [Section 145] – Income Tax - March 11, 2016
- Deemed income chargeable to tax [Section 59] – Income Tax - March 11, 2016
- Deductions not allowable [Section 58] – Income Tax - March 11, 2016