TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Amendment to Section 10 exempts foreign government employee training pay and MP allowances; adds tax breaks for foreign loans.</h1> The amendment to Section 10 of the Income-tax Act introduces several changes. A new sub-clause (xi) exempts remuneration received by employees of foreign governments during training in India from taxation, provided they are associated with specified government or government-owned entities. In clause (15), a new item (f) allows for tax exemption on interest paid by Indian industrial undertakings on foreign currency loans approved by the Central Government for industrial development, effective June 1, 1976. Clause (17) is revised to include allowances received by members of Parliament under the Members of Parliament (Additional Facilities) Rules, 1975.
TaxTMI 
TaxTMI 
