Amendment of section 10

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....ident (External) Account in any bank in India in accordance with the Foreign Exchange Regulation Act. 1973 (46 of 1973) and the rules made thereunder: Provided that such individual is a person resident outside India as defined in clause (q) of section 2 of the said Act or is a person who has been permitted by the Reserve Bank of India to maintain the aforesaid Account;"; (c) after clause (8), the following clauses shall be inserted, namely:- '(8A) in the case of a consultant- (a) any remuneration or fee received by him or it, directly or indirectly, out of the funds made available to an International organisation [hereafter referred to in this clause and clause (8B) as the agency] under a technical as....

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....vidual which accrues or arises outside India, and is not deemed to accrue or arise in India, in respect of which such individual is required to pay any income or social security tax to the country of his origin, provided the following conditions are fulfilled, namely:― (i) the individual is an employee of the consultant referred to in clause (8A) and is either not a citizen of India or, being a citizen of India, is not ordinarily resident in India; and (ii) the contract of service of such individual is approved by the prescribed authority before the commencement of his service;'; (d) in clause (9),- (i) after the words, brackets and figure "in clause (8)", the words, brackets, figures and letter....

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....all be inserted at the end, namely:- 'Explanation. For the purposes of this sub-clause, the expression "Industrial undertaking" means any undertaking which is engaged in- (a) the manufacture or processing of goods; or (b) the business of generation or distribution of electricity or any other form of power; or (c) mining; or (d) the construction of ships; or (e) the operation of ships or aircrafts;'; (g) in clause (21), in the second proviso, for the words "Provided further". the following shall be substituted and shall be deemed to have been substituted, with effect from the 1st day of April, 1990, namely:― "Provided further that the exemption under this c....