TaxTMI 
TaxTMI 
Income not included in the total income
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.... income arising to a foreign company, as the Central Government may, by notification, specify in this behalf, by way of royalty or fees for technical services received in pursuance of an agreement entered into with the Government for providing services in or outside India in projects connected with security of India. 6. Any income of the European Economic Community, (established by the treaty of Rome of 25th March, 1957) derived in India by way of interest, dividends or capital gains from investments made out of its funds under such scheme as the Central Government may, by notification specify in this behalf. 7. Any amount of interest payable— (a) on securities held by the Issue Department of the Central Bank of Ceylon constituted under the Ceylon Monetary Law Act, 1949; (b) to a bank incorporated in a country outside India and authorised to perform central banking functions in that country, on deposits by it with any scheduled bank, with the approval of the Reserve Bank of India; (c) to the Nordic Investment Bank being a multilateral financial institution constituted by the Governments of Denmark, Finland, I....
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....(b) is not established, constituted or appointed for the purposes of profit; and 11. The amount of accumulated balance in the account of an employee participating in an approved provident fund and any accretion thereto, to the extent provided in paragraph 8 of Part I of the Nineteenth Schedule. 12. Any payment from a provident fund to which the Provident Funds Act, 1925, applies or from any other provident fund set up by the Central Government and notified by it in this behalf. 13. Any payment from an approved superannuation fund made— (a) in lieu of or in commutation of an annuity on his retirement at or after a specified age or on his becoming incapacitated prior to such retirement; or (b) on the death of a beneficiary. 14. The amount of remuneration received by an individual who is not a citizen of India, if the following conditions are fulfilled, namely:— (a) such individual is an official, by whatever name called, of an embassy, high commission, legation, commission, consulate or the trade representation of a foreign State, or as a member of the staff of any of....
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....vernments; (iii) any company which is a subsidiary of a company referred to in item (ii); (iv) any corporation established by or under a Central, State or Provincial Act; or (v) any society registered under the Societies Registration Act, 1860, or under any other corresponding law for the time being in force and wholly financed by the Central Government, or any State Government or State Governments, or partly by the Central Government and partly by one or more State Governments. 18. Any amount received by an assessee under the Bhopal Gas Leak Disaster (Processing of Claims) Act, 1985 in excess of the amount, if any, allowed as a deduction in any financial year on account of any loss or damage caused to him by such disaster. 19. Any dividend declared, distributed or paid to a company or a non-resident, in respect of which dividend distribution tax has been paid under section 109. 20. Any income received from an equity oriented fund in respect of which tax on distribution of income has been paid under section 110. 21. ....
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....d— (a) in pursuance of any award instituted by the Central Government or any State Government or instituted by any other body and approved by the Central Government in this behalf; or (b) as a reward from the Central Government or any State Government for such purposes as may be approved by the Central Government in this behalf. 27. Any amount received by way of— (a) pension by an individual, who had been in the service of the Central Government or State Government and has been awarded "Param Vir Chakra" or "Maha Vir Chakra" or "Vir Chakra" or such other gallantry award as the Central Government may, by notification, specify in this behalf; (b) family pension by any member of the family of the individual referred to in clause (a). 28. Any sum received as compensation, from the multilateral fund of the Montreal Protocol on non-use of Substances that Deplete the Ozone layer under the United Nations Environment Programme, in accordance with the terms of agreement entered into by the Government of India. 29. Any income accruing to an indiv....
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....al company or a venture capital fund from investment in a venture capital undertaking. 36. Any income of a union or an association of such unions, which is computed under the head "Income from house property" or "Income from residuary sources" if— (a) such union is registered under the Trade Unions Act, 1926; and (b) it is formed primarily for the purpose of regulating the relations between workmen and employer or amongst workmen. 37. Any income received by an individual as a loan, either in lump sum or in instalment, in a transaction of reverse mortgage referred to in clause (v) of sub-section (1) of section 45. 38. Any allowance or perquisite paid or allowed outside India by the Government to a citizen of India for rendering service outside India. 39. Any payment from New Pension System Trust to an employee having an account with the Trust under the New Pension Scheme notified by the Central Government. 40. Any payment in commutation of pension received under any scheme of any employer, to the extent it does not exceed - (a) in a case where employee receives any ....