Q. Profits from business in USA

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Question added Jul 16, 2022 International Taxation By Ishan Gupta , CA in Practice, Samana
A resident individual in India is running business in his sole name in USA. How will we tax the profits received in USA in our Income Tax Return in India.?
Taxes have already been paid in USA

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answered Oct 17, 2023 By CA MANOJ KUMAR, CA, LL.B, DELHI
Profit will be taxed under business or profession and credit of taxes paid in USA will be available in India

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