What incomes are deemed to have accrue or arise in India as per Income Tax Act? ||Income deemed to accrue or arise in India

Income deemed to accrue or arise in India

As per section 9 of Income tax Act 1961 the following incomes are treated as incomes deemed to have accrued or arisen in India:-

• Income Received from Capital gain arising on transfer of property situated in India.
• Income Received from business connection in India.
• Income from salary in respect of services rendered in India and Salary received by an Indian national from Government of India in respect of service rendered outside India. And However, allowances and perquisites are exempt in this case.
• Income Received from any property, asset or other source of income located in India.
• Dividend Received by an Indian company.
• Interest Income received from Government of India.
• Interest Income received from a resident is treated as income deemed to have accrued or arisen in India in all cases, except where such interest is earned/ received in respect of funds borrowed by the resident and used by resident for carrying on profession/business outside India or is in respect of funds borrowed by the resident and is used for earned/Received income from any source outside India.
• Interest received/earned from a non-resident is treated as income deemed to accrue or arise in India if such interest is in respect of funds borrowed by the non-resident for carrying on any business/profession in India.

• Fees/Royalty for technical services Income received from India Government.

• -Fees/Royalty Income received for technical services from resident is treated as income deemed to have accrued or arisen in India in all cases, except where such royalty/fees Income relates to business/profession and other source of income carried on by the payer outside India.
• Fees/ Royalty Income received for technical services from non-resident is treated as income deemed to have accrued or arisen in India if such royalty/fees (Income) is for business/profession and other source of income carried by the payer in India country.

Income arising outside India, being any sum of money referred to in sub-clause (xviia) of clause (24) of section 2 of this act, paid on or after 05-07-2019 by a person resident in India to a non-resident. ​

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