Section 44BBD - Non-residents engaged in business of providing services or technology for setting up an electronics manufacturing facility or in connection with manufacturing or producing electronic goods, article or thing in India

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....in business of providing services or technology for setting up an electronics manufacturing facility or in connection with manufacturing or producing electronic goods, article or thing in India. [ Section 44BBD ] [ W.e.f. 01.04.2026 Inserted vide Section 11 of the Finance Act, 2025 ] Applicability and Scope [ Section 44BBD(1) ] * Section 44BBD commences with a non-obstante clause....

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....Technology**, * Where the resident company satisfies prescribed conditions. * The provision is thus targeted and does not apply to all non-residents or all kinds of services/technology transfers. The transaction must be with a resident company participating in a government-notified scheme, ensuring that the benefit is limited to bona fide cases aligned with policy objectives. Computation of i....

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....d  * (b) The amount received or deemed to be received by the non-resident assessee or on his behalf on account of providing services or technology. * This broad formulation ensures that both actual and constructive receipts, as well as payments made to agents or intermediaries, are covered. * Exclusion of Sections 44DA and 115A * The proviso to sub-section (2) states that the pro....