In the case of a non-resident, which of the following income is not taxable in his hands:
A. Interest received from Government of India
B. Capital gain on transfer of capital asset situated in India.
C. Interest received from a person resident in India on money borrowed and used outside India for carrying a business.
D. Royalty received from a person resident in India for the patent rights used in India.
Answer:C
In the case of a non-resident, which of the following income is not taxable in his hands:
A. Interest received from Government of India B. Capital gain on transfer of capital asset situated in India. C. Interest received from a person resident in India on money borrowed and used outside India for carrying a business. D. Royalty received from a person resident in India for the patent rights used in India.