Principally, all the income of a Resident Indian, whether accrues or arises to him in India or outside India is taxable in India.

Over the past few years India has emerged as one of the fastest developing country and has witnessed upsurge in the economic activities on the back of significant influx of foreign investments coupled with technological collaborations.

ECBs (External Commercial Borrowings) are commercial loans raised by eligible Indian entity (Borrower) from a recognised Non-resident Lender (Lender) and should confirm to certain parameters like...

External Commercial Borrowings are commercial loans raised by ‘eligible resident borrower' from ‘recognised non-resident entities' AND...

According to the Indian Income Tax law, the Income Tax is leviable on ‘Total Income' of assessees.