Specified foreign entity exemptions cover qualifying investment income, relocation capital gains, and infrastructure-linked investments subject to prescribed conditions. Income derived in India by specified foreign entities and non-residents is excluded from total income where the relevant exemption conditions are satisfied. The exemptions cover interest, dividends and capital gains earned by the European Economic Community, income of the SAARC Fund for Regional Projects, income accruing to a unit holder of a specified fund, and certain relocation-related capital gains on Indian company shares. Separate provisions also extend exemption to qualifying investment income of specified persons in infrastructure-oriented entities, subject to holding, investment-period, proportionality and prescribed-condition requirements.
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.
Specified foreign entity exemptions cover qualifying investment income, relocation capital gains, and infrastructure-linked investments subject to prescribed conditions.
Income derived in India by specified foreign entities and non-residents is excluded from total income where the relevant exemption conditions are satisfied. The exemptions cover interest, dividends and capital gains earned by the European Economic Community, income of the SAARC Fund for Regional Projects, income accruing to a unit holder of a specified fund, and certain relocation-related capital gains on Indian company shares. Separate provisions also extend exemption to qualifying investment income of specified persons in infrastructure-oriented entities, subject to holding, investment-period, proportionality and prescribed-condition requirements.
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