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of <h1>Finance Bill 2010 amends Section 9 of Income-tax Act to include non-resident income retroactively from 1976.</h1> Clause 4 of the Finance Bill, 2010, amends section 9 of the Income-tax Act regarding income deemed to accrue or arise in India. The amendment replaces the existing Explanation after sub-section (2) with a new provision, effective retroactively from June 1, 1976. It clarifies that income of a non-resident under clauses (v), (vi), or (vii) of sub-section (1) is included in their total income, regardless of having a residence, place of business, business connection, or rendered services in India. This applies from the assessment year 1977-1978 onwards.
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