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Resident and ordinarily resident under Scope of Total Income

The total income of a resident assessee would, under section 5(1), consist of:

(i) income received or deemed to be received in India during the previous year;

(ii)  income which accrues or arises or is deemed to accrue or arise in India during the previous year; and

(iii)  income which accrues or arises outside India even if it is not received or brought into India during the previous year.

In simpler terms, a resident and ordinarily resident has to pay tax on the total income accrued or deemed to accrue, received or deemed to be received in or outside India.

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