Category: International Taxation

Tax Implication of Salary in India and outside India

Section 9(i)(ii) provides that any income which falls under the head “salaries” if it is earned in India would be deemed to accrue or arise in India. The expression ‘income earned in India’ to mean payment for the services in India even if the contract is executed outside India or amount is payable outside India. …

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Transfer of Capital Asset Situated In India

Transfer of capital asset situated in India has been brought within the purview of the deemed income under section 9 and rule 10(2), it is clear that the intention of the Parliament was not to bring within its purview any income derived out of sale or purchase of a capital asset effected outside India. The …

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