Section 5 : Incidence Of Tax ( Questions)

Question 1

Profit from buisness in Bombay 30000

Answer 1

ROR
RNOR
NR

Question 2

Pension for services rendered in India 15000

Answer 2

ROR
RNOR
NR

Question 3

Interest on UK govt bonds (half received in India ) 4000

Answer 3

ROR 4000
RNOR 2000
NR 2000

Question 4

Income from property in Pakistan 20000

Answer 4

ROR 20000
RNOR nil
NR nil

Question 5

Agriculture income from Nepal 30000

Answer 5

ROR 30000
RNOR nil
NR. Nil

Question 6

Profession in Kenya set up in India (buisness connections )12000

Answer 6

ROR 12000
RNOR 12000
NR nil

Question 7

Past untaxed profit

Answer 7

ROR RNOR NR - nil

Question 8

Interest paid by Indian company received in London 2000

Answer 8

ROR RNOR NR - 2000

Question 9

Pension from former employer in India 8000

Answer 9

ROR RNOR NR - 8000

Question 10

Profit from buisness in Paris control from India (half received in India) 40000

Answer 10

ROR RNOR - 40000
NR - 20000

Question 11

Interest on debentures of Indian Co in UK 5000

Answer 11

ROR RNOR NR - 5000

Question 12

Interest on company in India received in Germany 22000

Answer 12

ROR RNOR NR - 22000

Question 13

Dividend from foreign company in London 12000

Answer 13

ROR - 12000
RNOR NR - nil

Question 14

Profits on sale of plant in Germany (50% received in India) 60000

Answer 14

ROR - 60000
RNOR NR - 30000

Question 15

Rent from property in London 50000

Answer 15

ROR - 50000
RNOR NR - nil

Question 16

Interest paid by resident in respect of loan in foreign currency 46000

Answer 16

ROR RNOR NR - 46000

Question 17

Royalty received in London for business in India 30000

Answer 17

ROR RNOR NR - 30000

Question 18

Fees for technical services rendered in India

Answer 18

ROR RNOR NR - 25000