Rent received by an American from Reliance Industries with respect to building located in India will neither be included in national income nor in domestic income of India.
True and False with Reasons
Rent received by an American from Reliance Industries with respect to building located in India will neither be included in national income nor in domestic income of India.
Anurag Pathak Changed status to publish December 11, 2023
False,
Such rent will be included in domestic income of India as building is located within the domestic territory of India.
It will also be included in the national income as it is the income earned by residents in domestic territory of india.
Anurag Pathak Changed status to publish December 11, 2023
