Profits of ₹ 10,00,000 is earned from a business in UK which is controlled in India, half of the profits being received in India. How much amount is taxable in India for a non-resident individual.
A. ₹10,00,000
B. Nil
C. ₹ 5,00,000
D. ₹ 2,50,000
Answer:C
Profits of ₹ 10,00,000 is earned from a business in UK which is controlled in India, half of the profits being received in India. How much amount is taxable in India for a non-resident individual.
A. ₹10,00,000 B. Nil C. ₹ 5,00,000 D. ₹ 2,50,000