Computation of Total Income of Mr.

Lokesh for AY 2021-22

S.No. Particulars Resident and Ordinarily Resident but not Ordinarily Non-Resident
Resident Resident

Taxable / ₹ Taxable / ₹ Taxable / ₹

Non-Taxable Non-Taxable Non-Taxable

1 Rent from Taxable - Income 80000 Taxable - Income 80000 Taxable - Income 80000
property in Delhi, from property in from property in from property in
received in USA India India India

2 Income from Taxable - Income 120000 Taxable - Income 120000 Non-Taxable - Nil
business in USA, Accruing or Accruing or Income Accruing
controlled from Arising outside Arising outside or Arising outside
Delhi India India, however, India
the business is
being controlled in
India

3 Income from Taxable - Income 180000 Taxable - Income 180000 Taxable - Income 180000
business in from source in from source in from source in
Bangalore, India India India
controlled in USA

4 Rent from Taxable - Income 60000 Non-Taxable - Nil Non-Taxable - Nil

property in USA, Accruing or Income Accruing Income Accruing
received in USA, Arising outside or Arising outside or Arising outside
but later India India India
 transferred to
India

5 Interest on Taxable - Income 20000 Taxable - Income 20000 Taxable - Income 20000
deposits with an from source in from source in from source in
Indian Company, India India India
received in USA

6 Profits for PY Non-Taxable - Nil Non-Taxable - Nil Non-Taxable - Nil

2019-20 of USA Income not Income not Income not
business, remitted pertaining to the pertaining to the pertaining to the
to India during PY PY under PY under PY under
2020-21 (not assessment, also assessment, also assessment, also
taxed earlier in where the where the where the
India) residential status residential status residential status
is unknown in the is unknown in the is unknown in the
PY of receipt of PY of receipt of PY of receipt of
income income income

7 Gifts received Non-Taxable - Nil Non-Taxable - Nil Non-Taxable - Nil

from parents Transfer of gifts Transfer of gifts Transfer of gifts
(relatives) between relatives between relatives between relatives

Total Income 460000 Total Income 400000 Total Income 280000