Amendment of section 115A

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....non-resident (not being a company) or of a foreign company includes any income by way of- (i) dividends; or (ii) interest received from Government or an Indian concern on monies borrowed or debt incurred by Government or the Indian concern in foreign currency; or (iii) income received in respect of units, purchased in foreign currency, of a Mutual Fund specified under cl....

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....t of income referred to in sub-clause (i), sub-clause (ii) and sub-clause (iii); (b) a foreign company, includes any income by way of royalty or fees for technical services received from Government or an Indian concern in pursuance of an agreement made by the foreign company with Government or the Indian concern after the 31st day of March, 1976, and where such agreement is with an Indian....

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....ount of income by way of royalty and fees for technical services, Explanation. For the purposes of this section.- (a) "fees for technical services" shall have the same meaning as in Explanation 2 to clause (vii) of sub-section (1) of section 9; (b) "foreign currency" shall have the same meaning as in the Explanation below item (g) of sub-clause (iv) of clause (15) of sec....

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....ection (1). (4) Where in the case of an assessee referred to in sub-section (1).- (a) the gross total income consists only of the income referred to in clause (a) of that sub-section, no deduction shall be allowed to him or it under Chapter VI-A; (b) the gross total income includes any income referred to in clause (a) of that sub-section, the gross total income shall be ....