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Rent received by an American from Reliance Industries with respect to building located in India will neither be included in national income

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Giving reasons, state whether the statements are true or false.

Rent received by an American from Reliance Industries with respect to building located in India will neither be included in national income nor in domestic income of India.

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False: Such rent will be included in domestic income of India as building is located within the domestic territory of India.

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