Section I: Income Tax and You

• Ques: Income Deemed to Accrue or Arise in India
• Ans: Following incomes are deemed to accrue or arise in India, irrespective of your residential status. Hence, you should file income tax return in India if you have taxable income from following sources:
  1. Income from house property (residential or commercial) in India
  2. Income from any other asset in India
  3. Capital gain from asset located in India
  4. Income from business connection in India
  5. Salary from services rendered in India
  6. Salary from services rendered by a citizen for government of India outside India
  7. Interest income or royalty/fee income from government of India
  8. Interest income or royalty/fee income received from a resident Indian (for purpose other than overseas business)
  9. Interest income or royalty/fee income received from a non-resident Indian for running business in India