No Indian-source income for foreign diamond miners for display of uncut unassorted diamonds in notified special zones. A new provision excludes from Indian-source income any income of a foreign company engaged in diamond mining arising from activities confined to the ... Summary
No Indian-source income for foreign diamond miners for display of uncut unassorted diamonds in notified special zones.
A new provision excludes from Indian-source income any income of a foreign company engaged in diamond mining arising from activities confined to the display of uncut and unassorted diamonds in a special zone notified by the Central Government; this exclusion is given retrospective effect to apply from assessment year 2016-2017 onwards.
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