Deemed business profits for non-resident service providers to electronics manufacturers now taxed under special computation rule.

A new provision prescribes a special computation for non-residents providing services or technology for setting up or supporting electronics manufacturing under a notified scheme: a portion of aggregate amounts paid, payable, received or deemed received for such services or technology is deemed to be the profits and gains chargeable to tax under business income. Designated exclusions apply to other specified provisions, and no set off of unabsorbed depreciation or brought forward losses is allowed when profits are declared under this deeming rule.

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