Tax exemption for foreign government trainees: remuneration during authorized training in specified government linked Indian establishments is excluded from income. Section 10 is amended to: exempt remuneration of foreign State employees for training in India at government owned or government financed establishments, companies, subsidiaries, statutory corporations or societies; exempt, subject to Central Government approval and rate limits, interest on foreign currency borrowings by industrial undertakings under approved loan agreements, with 'foreign currency' defined by the Foreign Exchange Regulation Act, 1973; and include allowances under the Members of Parliament (Additional Facilities) Rules, 1975 as non taxable.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax exemption for foreign government trainees: remuneration during authorized training in specified government linked Indian establishments is excluded from income.
Section 10 is amended to: exempt remuneration of foreign State employees for training in India at government owned or government financed establishments, companies, subsidiaries, statutory corporations or societies; exempt, subject to Central Government approval and rate limits, interest on foreign currency borrowings by industrial undertakings under approved loan agreements, with "foreign currency" defined by the Foreign Exchange Regulation Act, 1973; and include allowances under the Members of Parliament (Additional Facilities) Rules, 1975 as non taxable.
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