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Which of the following is factor income from abroad for indian residents and why ? 1 profit of foreign bank with a branch in andhra 2 rent received by indian on the building rented to foreign embassy in india 3 salary paid to the india high commission in london by the government of india?
Most Upvoted Answer
Which of the following is factor income from abroad for indian residen...
Factor Income from Abroad for Indian Residents
Profit of Foreign Bank with a Branch in Andhra Pradesh
Foreign banks with a branch in India are considered as non-resident entities. Any profit earned by these banks is considered as factor income from abroad for Indian residents. This is because the profit earned by the foreign bank is generated through its operations in India.
Rent Received by Indian on the Building Rented to Foreign Embassy in India
Rent received by an Indian for a building rented to a foreign embassy in India is considered as factor income from abroad. This is because the rent is paid by a non-resident entity, the foreign embassy, to an Indian resident.
Salary Paid to the Indian High Commission in London by the Government of India
The salary paid to the Indian High Commission in London by the Government of India is not considered as factor income from abroad. This is because the salary is paid to an Indian resident by the Government of India, which is a resident entity. Therefore, it is not considered as income received from abroad.
Profit of Foreign Bank with a Branch in Andhra Pradesh
Foreign banks with a branch in India are considered as non-resident entities. Any profit earned by these banks is considered as factor income from abroad for Indian residents. This is because the profit earned by the foreign bank is generated through its operations in India.
Rent Received by Indian on the Building Rented to Foreign Embassy in India
Rent received by an Indian for a building rented to a foreign embassy in India is considered as factor income from abroad. This is because the rent is paid by a non-resident entity, the foreign embassy, to an Indian resident.
Salary Paid to the Indian High Commission in London by the Government of India
The salary paid to the Indian High Commission in London by the Government of India is not considered as factor income from abroad. This is because the salary is paid to an Indian resident by the Government of India, which is a resident entity. Therefore, it is not considered as income received from abroad.
Community Answer
Which of the following is factor income from abroad for indian residen...
2 &3 both are the factor income earned by the normal resident of India because embasse in foreign are owned and control by Indians. AS, we now that is Indian embasse are in foreign and control and owned by India are part of India domestic territory.
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Which of the following is factor income from abroad for indian residents and why ? 1 profit of foreign bank with a branch in andhra 2 rent received by indian on the building rented to foreign embassy in india 3 salary paid to the india high commission in london by the government of india?
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Which of the following is factor income from abroad for indian residents and why ? 1 profit of foreign bank with a branch in andhra 2 rent received by indian on the building rented to foreign embassy in india 3 salary paid to the india high commission in london by the government of india? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Which of the following is factor income from abroad for indian residents and why ? 1 profit of foreign bank with a branch in andhra 2 rent received by indian on the building rented to foreign embassy in india 3 salary paid to the india high commission in london by the government of india? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is factor income from abroad for indian residents and why ? 1 profit of foreign bank with a branch in andhra 2 rent received by indian on the building rented to foreign embassy in india 3 salary paid to the india high commission in london by the government of india?.
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