New Delhi, March 24 -- I am an NRI residing in the UAE for many years and engaged in real estate brokerage services. Recently, I helped a UAE friend sell his immovable property in India, which I facilitated through my Indian contacts. The property was sold to another NRI. My friend paid my brokerage fees from the sale proceeds he received in his NRO account. I did not travel to India for this transaction. Is this income taxable in India?
- Name withheld on request
I assume that you qualify as a non-resident under the Indian income tax law. For a non-resident, the scope of taxation in India is limited to income that is received or deemed to be received in India, or income that accrues or arises or is deemed to accrue or arise in India.
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