Exempt Income of Specified Foreign Entities/Non-Resident

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....Colombo Declaration issued on the 21st December, 1991 by the Heads of State or Government of the Member Countries of South Asian Association for Regional Cooperation established on the 8th December, 1985 by the Charter of the South Asian Association for Regional Cooperation. Nil Fully Exempt Any income accruing or arising to, or received from a specified fund or on transfer of units in a specified fund. [ Schedule VI serial no. 9 ] A unit holder of a specified fund. Nil Fully Exempt Any income of the nature of Capital gains, arising or received on account of transfer of share of a company resident in India. [ Schedule VI serial no. 10 ] Any non- resident or a specified fund. (a) The Capital g....

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....d; • (D) aneligible domestic company; or • (E) an eligible Non-banking Financial Company; (b) if any difficulty arises in interpreting or implementing the provisions, the Board may issue guidelines; (c) such guidelines shall be-- • (i) issued with the previous approval of the Central Government; • (ii) laid before each House of Parliament; and • (iii) binding on the Income-tax Authority and the specified person; (d) where any income has not been included in the total income of the specified person, and subsequently during any tax year the specified person fails to satisfy any of these conditions so that the said income would not have been eligible for such non-inclusi....

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....e a sovereign wealth fund or pension fund has loans or borrowings, directly or indirectly, for the purposes of making investment in India, such fund shall be deemed to be not eligible for exclusion from total income. Fully Exempt Under the Income Tax Act, 1961 [Upto 31.03.2026] Section Particulars Limit of Exemption- Specified Foreign Entities/Non-Resident 10(23BBB) Income of European Economic Community derived in India from interest, dividends, or capital gains from investment out of its funds under notified scheme of CG Fully Exempt - European Economic Community 10(23BBC) Income of the SAARC Fund for Regional Projects set up by Colombo Declaration Fully Exempt - SAARC Fund for Regional Projects ....