Is Mr . Nikhil, a non - resident, liable to pay taxes in India for the financial
Question:
Is Mr Nikhil, a nonresident, liable to pay taxes in India for the financial year based onthe following transactions:a He received Rs lakhs for the use of a patent for a business in India.b He received foreign currency equivalent to rs lakhs from a nonresident Indian to useknowhow for a business in Scotland.c He received rs lakhs from Reliance Industries Ltd as feel for technical services in India.d He received Rs lakhs from J K Industries Ltd to conduct a feasibility study for a project inBangladesh payment made in Bangladeshe He receives Rs lakhs as interest on money borrowed by a nonresident for business withinIndia amount received in Edinburgh, Scotland.
explain the due taxability and the reasons for the same based on the above data.
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella