Interest received from Government of India ₹80,000 by a non-resident Individual of Indian origin. The interest of ₹ 50,000 was paid to him in Netherlands and the money is utilized by the Government outside India.
A. 130,000, taxable in the hands of NR
B. 7 50,000, taxable in the hands of NR
C. ₹ 80,000, taxable in the hands of NR
D. Not taxable in the hands of NR
Answer:C
Interest received from Government of India ₹80,000 by a non-resident Individual of Indian origin. The interest of ₹ 50,000 was paid to him in Netherlands and the money is utilized by the Government outside India.
A. 130,000, taxable in the hands of NR B. 7 50,000, taxable in the hands of NR C. ₹ 80,000, taxable in the hands of NR D. Not taxable in the hands of NR