Section 44BBD - Special provision for computing profits and gains of non-residents engaged in business of providing services or technology for setting up an electronics manufacturing facility or in connection with manufacturing or producing electronic goods, article or thing in India

Deemed profits for non resident service providers: portion of receipts for electronics manufacturing services treated as business income.

A special computation rule deems a specified portion of amounts paid or payable and amounts received or deemed received by non residents for providing services or technology to resident companies setting up or operating electronics manufacturing facilities under a notified scheme to be the profits and gains of the non resident's business taxable as business income; certain other tax provisions do not apply to those amounts and no set off of unabsorbed depreciation or brought forward losses is allowed against such deemed profits for the previous year.