The taxability of Incomes is mentioned below:
Particulars (Source of Income) | Resident | Resident but not ordinarily resident | Non -resident |
Interest on UK Development Bonds, 50% interest received in India, rest 50% in abroad. | Fully taxable | 50% received in India taxable. | 50% received in India taxable. |
Dividend from British Company received in London. | Fully taxable | Not taxable. | Not taxable. |
Income from house property in London deposited in a Bank at London, later on remitted to India. | Fully taxable | Not taxable. | Not taxable. |
Interest on debentures in an Indian company received in London. | Fully taxable. | Fully taxable. | Fully taxable. |
Long term capital gains on sale of asset at Germany, 50% of profits are received in India. | Fully taxable. | 50% received in India taxable. | 50% received in India taxable. |
Income from property situated in Pakistan received there. | Fully taxable. | Not taxable. | Not taxable. |