Whose total income includes income deemed to accrue or arise in India under the Income-tax Act, 2025?
Question and options
Whose total income includes income deemed to accrue or arise in India under the Income-tax Act, 2025?
Resident persons, but not non-residents
Non-resident persons, but not residents
Ordinarily resident persons, but not others
Residents and non-residents alike
Answer and explanation
Correct answer: D - Residents and non-residents alike
Section 5(1)(b) of the Income-tax Act, 2025 includes income that accrues or arises, or is deemed to accrue or arise, in India in a resident's total income, and section 5(2)(b) does the same for a non-resident. Residence matters for income arising outside India, not for income arising or deemed to arise in India.
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