The global income of which of the following is taxable in India?
A resident and ordinarily resident is taxable in India on global income under section 5 of the Income-tax Act, 2025. Non-residents have a narrower Indian tax scope, while…
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The global income of which of the following is taxable in India?
Answer and explanation
Correct answer B
A resident and ordinarily resident is taxable in India on global income under section 5 of the Income-tax Act, 2025. Non-residents have a narrower Indian tax scope, while foreign income of a resident but not ordinarily resident is included only in the specified cases.
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Telangana SET (TG SET)