Schedule IV exemptions expand for contract manufacturing income, visiting non-resident service income, and specified data centre services. Schedule IV is amended to insert exemptions for specified income connected with contract manufacturing in India, certain overseas income of eligible ... Summary
Schedule IV exemptions expand for contract manufacturing income, visiting non-resident service income, and specified data centre services.
Schedule IV is amended to insert exemptions for specified income connected with contract manufacturing in India, certain overseas income of eligible visiting non-residents, and income from procuring data centre services from a notified specified data centre. The amendment also defines data centre, data centre services, and specified data centre, including the requirement that a specified data centre be set up under an approved scheme, notified by the Central Government, and owned and operated by an Indian company.
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