If you are a non-resident under the Income Tax Act, then any income accrued or earned outside India is not taxable in India.

The transaction between two nonresident foreign citizens is with respect to assets which is situated in India.

The moment you convert business assets into capital assets i.e. investment, business income arises.

I am an individual and an interior designer.

I am an individual and a resident of India. I have transferred USD 400,000 under LRS to my foreign bank account in the US.