TaxTMI 
TaxTMI 
Exempt Income of Non-Residents
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....does not exceed in the aggregate a period of ninety days in such tax year; and (c) such remuneration is not liable to be deducted from the income of the employer chargeable under this Act. Fully Exempt Schedule IV 4 Any income chargeable under the head "Salaries", received or due as remuneration for services rendered in connection with his employment on a foreign ship. Any individual being a non-resident, not being a citizen of India. The total stay of such individual in India does not exceed in the aggregate a period of ninety days in the tax year. Fully Exempt Schedule IV 5 Any remuneration received as an employee of the Government of a foreign State An employee of the Government of a foreign State, not being a citizen of India. Such remuneration is received during his stay in India in connection with his training in any establishment or office of, or in any undertaking owned by- • (a) the Government; or • (b) any company in which the entire paid-up share capital is held by the Central Government or any State Government or State Governments, or partly by the Central Government and partly by one or m....
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....Central Government or approved by the Central Government; and (b) such foreign company and the agreement or arrangement is notified by the Central Government, having regard to the national interest. Fully Exempt Schedule IV 13 Any income accruing or arising on account of sale of leftover stock of crude oil, if any, from the facility in India after the expiry of the agreement or arrangement referred to against serial number 12 of Schedule IV or on termination of the said agreement or arrangement. A foreign company. Such sale shall be as per the terms mentioned in the said agreement or arrangement, subject to such conditions as may be notified by the Central Government in this behalf. Fully Exempt Schedule IV 14 Any income falling under section 10(6A), (6B), (6BB) of the Income-tax Act, 1961 subject to the conditions as specified therein. Section 10(6A) - income by way of royalty or fees for technical services received from Government or an Indian concern a foreign company (a) in pursuance of an agreement made by the foreign company with Government or the Indian concern after the 31st ....
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....ncome shall not be included in the total income to the extent such income is attributable to- (i) units held by non-resident (not being the permanent establishment of a non-resident in India); or (ii) the investment division of offshore banking unit; and (c) The income exempt shall be computed in such manner as may be prescribed. Fully Exempt Schedule VI 2 Any income accrued or arisen to, or received, as a result of transfer of securities (other than shares in a company resident in India). Any specified fund. (a) Income shall not be included in the total income to the extent such income is attributable to- (i) units held by non-resident (not being the permanent establishment of a non-resident in India); or (ii) the investment division of offshore banking unit; and (b) The income exempt shall be computed in such manner as may be prescribed. Fully Exempt Schedule VI 3 Any income from securities issued by a non- resident where such securities are not issued by a permanent establishment of a non- resident in India. Any specified fund. (a) Such income otherwise does not accrue or arise in Ind....
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....e from interest on such savings certificates as notified before 1.6.2002 in case of citizen of India or a person of Indian origin Fully Exempt 10(4C) Any income by way of interest payable to a non-resident, not being a company, or to a foreign company, by any Indian company or business trust in respect of monies borrowed from a source outside India by way of issue of rupee denominated bond, as referred to in section 194LC(2)(ia), during the period beginning from the 17th day of September, 2018 and ending on the 31st day of March, 2019. Fully exempt 10(4D) Any income accrued or arisen to, or received by a specified fund as a result of transfer of capital asset referred to in section 47(viiab), on a recognised stock exchange located in any International Financial Services Centre and where the consideration for such transaction is paid or payable in convertible foreign exchange, to the extent such income accrued or arisen to, or is received in respect of units held by a non-resident. Fully Exempt 10(4E) Any income accrued or arisen to, or received by, a non-resident as a result of transfer of non-deliverable forward contracts entered into with an offsho....