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of <h1>Resident vs Non-Resident Tax Scope: Total Income Includes Receipts, Accruals, and Deemed Income; NRI Foreign Accrual Exception (Sec 5)</h1> A resident's total income for a previous year includes all income from any source that is received or deemed received in India, accrues or arises or is deemed to accrue or arise in India, or accrues or arises outside India, subject to the exception that a person not ordinarily resident is not taxed on foreign accruals unless derived from a business controlled in or a profession set up in India. A non-resident's total income includes income received or deemed received in India and income accruing or arising or deemed to accrue or arise in India. Income shown only in an Indian balance sheet is not deemed received in India, and income included once on accrual cannot be included again as receipt.
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