Under the Income-tax Act, 2025, income accrues and is received in Singapore from a business not…

The income is not taxable for a non-resident, who is taxed only on income received or deemed to be received in India, or accruing or deemed to accrue in India. Income that accrues and is received outside India is included for a resident who is not ordinarily resident only if it comes from a business controlled in, or a profession set up in, India, which is not the case here. It is, however, taxable for a resident and ordinarily resident, who is taxed on world income, so it is not exempt for all assessees.