Mr. X, an Indian citizen and a Government employee, left India for the first time on 31.01.2020 on account of his transfer to High Commission in United Kingdom. During P.Y. 2020-21, he visited India only for a week on occasion of his brother marriage. During A.Y. 2021-22, his income composition includes salary, foreign allowances, rent from property in Singapore and interest earned from fixed deposits maintained with SBI. His taxable income for P.Y. 2020-21 will include:
A. All of them, since Mr. X is a resident in India, hence his global income will be taxable
B. Only interest earned from fixed deposits maintained in India
C. No income shall be taxable since Mr. X is a non-resident in India for P.Y. 2020-21
D. Salary and interest income of fixed deposits with SBI
Answer:D
Mr. X, an Indian citizen and a Government employee, left India for the first time on 31.01.2020 on account of his transfer to High Commission in United Kingdom. During P.Y. 2020-21, he visited India only for a week on occasion of his brother marriage. During A.Y. 2021-22, his income composition includes salary, foreign allowances, rent from property in Singapore and interest earned from fixed deposits maintained with SBI. His taxable income for P.Y. 2020-21 will include:
A. All of them, since Mr. X is a resident in India, hence his global income will be taxable B. Only interest earned from fixed deposits maintained in India C. No income shall be taxable since Mr. X is a non-resident in India for P.Y. 2020-21 D. Salary and interest income of fixed deposits with SBI