Scope of income

Direct Taxation

X has a business with its Head office in Delhi. Income earned from its Branch in Hong Kong, is remitted to India. Is income of head office taxable in india?

Monisha KM

CA Inter

★ 825

16-Mar-23 12:26

474

Answers (4)

Yes income is remitted to India

Shivashankar Jawai

CA Inter

★ 2K+

16-Mar-23 18:34

Income from head office in Delhi is always taxable in India as it is income form source of income in India i.e business connection u/s 9(1)(i) or u can simply say that head of is situated in India

dheeraj hembram

CA Inter

★ 240

19-Mar-23 08:30

Sorry head office

dheeraj hembram

CA Inter

★ 240

19-Mar-23 08:31

Also the income from its branch in Hongkong falls under income which accrues/ arises outside India but controlled from India taxable in case of RNOR &ROR but not in case of NR

dheeraj hembram

CA Inter

★ 240

19-Mar-23 08:34