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of <h1>Income Deemed in India: Amended Section 9 Expands Scope on Foreign Assets, Software Rights, and Royalties Since 1962</h1> Section 9 of the Income-tax Act is amended to clarify the scope of income deemed to accrue or arise in India. Explanation 4 defines 'through' to include 'by means of,' 'in consequence of,' or 'by reason of,' effective from April 1, 1962. Explanation 5 states that shares or interests in foreign entities deriving substantial value from Indian assets are deemed situated in India. Explanation 4 in clause (vi) clarifies that rights related to computer software include licensing, regardless of medium. Explanations 5 and 6 define 'royalty' and 'process' inclusively, covering various technologies, effective from June 1, 1976.
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