CBSE Class 12-commerce Answered
Will the following items listed below be included in the
domestic factor income of India?
a. Profits earned by a resident of India
from a company in abroad
b. Profits earned by a company in India
which is owned by a non-resident
Asked by Topperlearning User | 15 Apr, 2016, 02:30: PM
Expert Answer
a. Profits earned by a resident of India from a company in abroad: The company based abroad is not located within the domestic territory of India and is not included in the domestic factor of India.
b. Profits earned by a company in India which is owned by a non-resident of India: Company is within the domestic territory of India, and is therefore included in the domestic factor of India.
Answered by | 15 Apr, 2016, 04:30: PM
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