Which of the following is / are subject to income tax in India?
1. Income generated by Foreigners in India
2. Income generated outside India by an NRI
3. Interest earned by NRI in India on income generated outside India in a FCNR Account
Select the correct option from the codes given below:
Income which is earned outside India by an NRI is not taxed here. An NRI doesn’t have to pay tax on the interest income in a non-resident external (NRE) account or foreign currency non-resident (FCNR) account.
This question is a part of GKToday's Integrated IAS General Studies Module