https://www.taxtmi.com/acts?id=53536 Income accrued or received by a non-resident from the transfer of non-deliverable forward contracts, offshore derivative instruments, or over-the-counter derivatives, and from distributions on such instruments, is exempt subject to conditions. The contract or instrument must be entered into with an offshore banking unit of an International Financial Services Centre holding valid registration, or with a foreign portfolio investor that is a unit of an International Financial Services Centre, and it must not be entered into 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 that condition. en-us Fri, 20 Mar 2026 18:42:48 +0530 Wed, 08 Apr 2026 15:30:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53536 Income accrued or received by a non-resident from the transfer of non-deliverable forward contracts, offshore derivative instruments, or over-the-counter derivatives, and from distributions on such instruments, is exempt subject to conditions. The contract or instrument must be entered into with an offshore banking unit of an International Financial Services Centre holding valid registration, or with a foreign portfolio investor that is a unit of an International Financial Services Centre, and it must not be entered into 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 that condition. Act-Rules Income Tax Fri, 20 Mar 2026 18:42:48 +0530 https://www.taxtmi.com/acts?id=53536