Are windfall gains included/excluded in domestic income of India?
No, The windfalls gains are not included in the domestic factor income because they do not add to the flow of goods and services in the economy.
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Is Capital gains included/excluded in domestic income of India?
No, Capital gains are not included in the domestic factor income as they arise on account of rise in the prices of assets and do not add to the flow of goods and services in the economy.
Is service rendered by housewives included/excluded domestic income of India?
No, The Service rendered by housewives are not included in the domestic factor income because it is difficult to find their market value, i.e., they are non-market transactions. Explanation:- The service rendered by housewives involves love and affection. Thus, market…
Is profits earned by a company partly owned by residents and partly owned by non-residents and located in India included/excluded domestic income of India?
Yes, profits earned by a company partly owned by residents and partly owned by non-residents and located in India will be included in the domestic factor income as profits are earned within the domestic territory of India. Explanation:- The profits…
Is broker’s commission on the sale of second hand goods included/excluded domestic income of India?
Yes, The Broker’s commission on the sale of second-hand goods is included in the domestic factor income because it is the income received by the broker in return for rendering his productive services.
Is Broker’s commission on the sale of an old car included/excluded domestic income of India?
Yes, Broker’s commission on the sale of an old car is included in the domestic factor income because it is the income received by the broker in return for rendering his productive services.
Is earnings of American Express Bank’s branch located in Chennai included/excluded domestic income of India?
Yes, It will be included in domestic factor income as the Bank’s branch is located within the domestic territory of India. Explanation:- The profits earned by the residents and non-residents (foreign companies) within the domestic territory of India is included…
Is COE paid by American Embassy in India to resident Indians included/excluded in Domestic Income of India?
No, It will not be included in the domestic factor income as American Embassy is not a part of the domestic territory of India. Explanation:- Only Profits earned within the domestic territory of India by residents and non-residents are included…
Is compensation of employees paid by a foreign company located in India included/excluded domestic income of India?
Yes, Compensation paid will be included in the domestic factor income as a foreign company is located within the domestic territory of India. Explanation:- Explanation:- The profits earned by the residents and non-residents (foreign companies) within the domestic territory of…
Is financial sale and purchase of shares, bonds and debentures included/excluded domestic income of India?
No, The financial sale and purchase of shares, bonds, and debentures are not included in the domestic factor income as it does not contribute to the production of goods and services. Explanation:- The sale of financial assets such as shares,…