Economics · Income Tax and Corporate Tax Planning

Which of the following requirements must be satisfied for an assessee to claim a deduction under Section 91 of the Indian Income Tax Act for doubly taxed income? A. The assessee must have been non-resident in India in the relevant previous year. B. The assessee must have been resident in India in the relevant previous year. C. Income must have accrued or arisen to him during that previous year in India. D. Income must have accrued or arisen to him during that previous year outside India. E. In respect of that income which accrued or arose outside India, he must have paid tax (by deduction or otherwise) under the law in force in the country in question. Choose the correct answer from the options given below: