Deemed income exclusion for foreign diamond companies: display of uncut unassorted diamonds in notified special zones not taxable in India. For a foreign company engaged in diamond mining, income shall not be deemed to accrue or arise in India from activities confined to the display of uncut ... Summary
Deemed income exclusion for foreign diamond companies: display of uncut unassorted diamonds in notified special zones not taxable in India.
For a foreign company engaged in diamond mining, income shall not be deemed to accrue or arise in India from activities confined to the display of uncut and unassorted diamonds where those displays occur in a special zone notified by the Central Government in the Official Gazette.
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