Income Tax: Foreign Businesses Taxed Only on India-Based Operations Income u/s 9. https://www.taxtmi.com/highlights?id=45016 Profit attributable to India - an assessee whose business operations are not exclusively carried out in India, the amount of income which will be deemed to accrue or arise in India shall be only such part of the income as is reasonably attributable to the operations carried out in India. en-us Sat, 09 Mar 2019 07:49:44 +0530 Sat, 09 Mar 2019 07:49:44 +0530 TaxTMI RSS Generator Income Tax: Foreign Businesses Taxed Only on India-Based Operations Income u/s 9. https://www.taxtmi.com/highlights?id=45016 Profit attributable to India - an assessee whose business operations are not exclusively carried out in India, the amount of income which will be deemed to accrue or arise in India shall be only such part of the income as is reasonably attributable to the operations carried out in India. Highlights Income Tax Sat, 09 Mar 2019 07:49:44 +0530 https://www.taxtmi.com/highlights?id=45016