Royalty is received outside India from a foreign company which is non-resident in India. The royalty is paid for a manufacturing business situated outside India.
A. Taxable in the hands of NR
B. Taxable in the hands of ROR and NOR
C. Taxable in the hands of ROR
D. Not taxable
Answer:C
Royalty is received outside India from a foreign company which is non-resident in India. The royalty is paid for a manufacturing business situated outside India.
A. Taxable in the hands of NR B. Taxable in the hands of ROR and NOR C. Taxable in the hands of ROR D. Not taxable