TaxTMI 
TaxTMI 
TaxTMI 
INCOME NOT TO BE INCLUDED IN TOTAL INCOME OF ELIGIBLE NON-RESIDENTS, FOREIGN COMPANIES AND OTHER SUCH PERSONS
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.... Income not to be included in total income Eligible persons Conditions A B C D 1. Any income by way of interest. (a) A person being an individual, who is a resident outside India as defined in section 2(w) of the Foreign Exchange Management Act, 1999 (42 of 1999); or (b) a person being an individual who has been permitted by the Reserve Bank of India to maintain the said account. Such interest is on moneys standing to the credit of such person in a Non-Resident (External) Account in any bank in India as per the said Act and the rules made thereunder. 2. Any remuneration received for service in the capacity as an official ment....
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.... 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. 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 partl....
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.... 1st April, 2005 in an Offshore Banking Unit referred to in section 2(u) of the Special Economic Zones Act, 2005 (28 of 2005). 9. Income from lease rentals, by whatever name called, of cruise ship. Foreign company. (a) Such income is received from a specified company which operates such ship or ships in India; (b) such foreign company and the specified company are subsidiaries of the same holding company; and (c) such income is received or accrues or arises in India for any relevant tax year beginning on or before the 1st April, 2029. 10. Any income derived in India by way of interest, dividends or Capital gains from investments made. The European Economic Community. ....
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....om the facility in India after the expiry of the agreement or arrangement referred to against serial number 12 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. ^2[13A. Any income arising on account of providing capital goods, equipment or tooling to a contract manufacturer, being a company resident in India. A foreign company, who is providing capital goods, equipment or tooling to the contract manufacturer for use in electronic manufacturing in India. (a) Ownership of such capital goods, equipment or tooling re....
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.... the Central Government in this behalf; (b) such foreign company does not own or operate any of the physical infrastructure or any resources of the specified data centre; (c) all sales by such foreign company to users located in India are made through a reseller entity being an Indian company; (d) such foreign company maintains and furnishes such information in such form and manner, as may be prescribed; and (e) such exemption shall be available up to tax year ending on the 31st March, 2047.] 14. Any income falling under section 10(6A), (6B), (6BB), (15A), (15)(iiia), (15)(iiib), (15)(iiic) or (15)(iv)(a), (15)(iv)(b) or(15)(iv)(fa) of the Income-tax ^1[Act, 1961] (43 of 1961) subject to the conditions as specified t....