Jackson, a US national came to India for the first time on 11th July, 2023 for business in India, before this he never travelled in India. He declared following incomes during the previous year ending 31st March, 2024 :

Jackson, a US national, came to India for the first time on 11th July, 2023. So, during the financial year 2023-24 he was in India for 265 days, before this year he never travelled in India. So, he satisfied first basic condition of 182 days in India, but not satisfied the additional conditions. Hence his residential status for F.Y. 2023-24 is Resident but Not Ordinary Resident (NOR) in India. Computation of Taxable Income of Jackson (NOR) for the AY 2024-25 S. No. Particulars Amount (₹) i. Profit on sale of a building in India but received in USA 2,00,000 ii. Technical fees received from an Indian company in USA for advice given by him in respect of a new project situated in China. (Not Taxable, because it is not deemed to accrue or arise in India and Not received in India) iii. Income from a business in USA, received in USA but business is controlled from India (Taxable in case of NOR) 6,00,000 iv. Past foreign untaxed income brought to India during the previous year (Not Taxable) v. Rent from property in USA deposited in branch of State Bank of India situated in USA (Not Taxable) vi. Interest on fixed deposit in a ICICI Bank in India 40,000 vii. Taxable Income in India 8,40,000