Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Income Calculation for Non-Residents Under Rule 10: Assessing Officer's Methods for Uncertain Figures Explained.</h1> Rule 10 of the Income-tax Rules, 1962, addresses the determination of income for non-residents with business connections, property, assets, sources of income, or money lent in India. When the exact income amount cannot be ascertained, the Assessing Officer may calculate it based on a reasonable percentage of turnover, a proportionate share of total business profits and gains, or any other suitable method deemed appropriate. This rule provides the framework for assessing non-resident income when precise figures are unavailable.