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of <h1>Section 5 defines total income: residents taxed on Indian receipts/accruals and limited foreign income for not ordinarily resident</h1> Section 5 defines total income by residence: residents are taxed on receipts or accruals in India and on foreign-sourced income subject to a limitation for 'not ordinarily resident' persons (foreign income included only if from a business controlled in or a profession set up in India); non-residents are taxed only on receipts or accruals in India. The enacted provision mirrors the original bill substantively; changes are stylistic only (e.g., 'such person' vs 'the person'). Confirmatory rules prevent treating a balance-sheet entry as receipt in India and bar double inclusion on accrual and receipt bases.
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