Income-tax exemptions support foreign electronic manufacturing equipment, notified service-scheme participants, and data-centre service procurement under defined conditions. Schedule IV introduces exemptions for foreign companies providing manufacturing equipment, eligible non-resident individuals rendering services under ... Summary
Income-tax exemptions support foreign electronic manufacturing equipment, notified service-scheme participants, and data-centre service procurement under defined conditions.
Schedule IV introduces exemptions for foreign companies providing manufacturing equipment, eligible non-resident individuals rendering services under notified schemes, and notified foreign companies procuring specified data-centre services. Manufacturing relief requires foreign ownership of equipment, Indian contract-manufacturer control in a customs-bonded warehouse, and electronic production for consideration. Data-centre relief requires no foreign ownership or operation of infrastructure, Indian-reseller sales to Indian users, prescribed information compliance, and use of a notified Indian-owned and operated data centre.
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