Income which accrue or arise outside India & also received outside India is taxable in case of.

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Quintessence Classes · Accepted Answer

The correct answer is Resident and Ordinary Resident. Under the Income Tax Act (Section 5), the taxability of income in India depends on the "Residential Status" of the individual.Resident and Ordinarily Resident (ROR): This category has the broadest tax liability. They are taxed on their global income. This includes income earned in India, income earned abroad but received in India, and income that accrues, arises, and is received outside India.Resident but Not Ordinarily Resident (RNOR): They are generally taxed only on income received or accrued in India. Foreign income is taxable for them only if it is derived from a business controlled in or a profession set up in India.Non-Resident (NR): They are taxed only on income that is received, accrued, or arises (or is deemed to) within India. Income earned and received outside India is completely exempt for them.

Answer

Resident but not Ordinary Resident

Answer

Non Resident

Answer

Resident and Ordinary Resident and Resident but not Ordinary Resident

Income which accrue or arise outside India & also received outside India is taxable in case of.

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