Taxable Income of NRI
1. Profits of Business
2. Income from property in India
3. Income form any assets or source India
4. Income form money brought into India and lent on interest
5. Fees for technical services and royalties
6. Double taxation relief - to avoid double taxation on the same income in two countries, the central government may enter into an agreement with the government of any country outside India.
(a) for grants of relief in respect of income on which income tax has been paid both under this act and income tax has been paid both under this act in that country
(b) for the avoidance of double taxation of income under this act and under the corresponding law in force in that country.
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