https://www.taxtmi.com/acts?id=40368 Income of a non-resident from non-deliverable forward contracts, offshore derivative instruments or over-the-counter derivatives, and income distributed on such instruments, is exempt under clause (4E) of section 10 only if the contract or instrument is entered into with an eligible offshore banking unit or Foreign Portfolio Investor in an International Financial Services Centre, and not through or on behalf of the non-resident's permanent establishment in India. The offshore banking unit or Foreign Portfolio Investor must ensure compliance with the permanent establishment condition. The rule also defines the key expressions used for this exemption framework. en-us Sat, 11 Dec 2021 11:12:38 +0530 Tue, 19 May 2026 18:13:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40368 Income of a non-resident from non-deliverable forward contracts, offshore derivative instruments or over-the-counter derivatives, and income distributed on such instruments, is exempt under clause (4E) of section 10 only if the contract or instrument is entered into with an eligible offshore banking unit or Foreign Portfolio Investor in an International Financial Services Centre, and not through or on behalf of the non-resident's permanent establishment in India. The offshore banking unit or Foreign Portfolio Investor must ensure compliance with the permanent establishment condition. The rule also defines the key expressions used for this exemption framework. Act-Rules Income Tax Sat, 11 Dec 2021 11:12:38 +0530 https://www.taxtmi.com/acts?id=40368