Is profits earned by a branch of State Bank of India in Japan included/excluded in Domestic Income of India?
Is profits earned by a branch of State Bank of India in Japan included/excluded in Domestic Income of India?
Anurag Pathak Changed status to publish December 9, 2023
No,
It will not be included in the domestic factor income as the State Bank of India is located outside the domestic territory of India.
Explanation:-
Only Profits earned within the domestic territory of India by residents and non-residents are included in the domestic territory of India.
As the branch of the State Bank of India does not lie in the domestic territory of India, his profit will not be included.
But, his profits would be included in the National Income as factor income from abroad.
Anurag Pathak Changed status to publish December 9, 2023
