TaxTMI 
TaxTMI 
INCOME NOT TO BE INCLUDED IN TOTAL INCOME OF ELIGIBLE NON-RESIDENTS, FOREIGN COMPANIES AND OTHER SUCH PERSONS
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....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 mentioned in column C, not being a citizen of India. An official, by whatever name called, of an embassy, high commission, legation, commission, consulate or the trade representation of a foreign State, or as a member of the staff of any of these officials. (a) The remuneration received as a trade commissioner or other official representative in India of the government of a foreign State (not holding office as such in an honorary capacity), or as members of the staff, if any, of the government, resident for similar purposes in the country concerned enjoy a similar exemption in that country; and (b) the members of the staff are subjects of the country represented and are not engaged in any business or profession or employment in India otherwise than as members of such staff. 3. Any remuneration received as an employee for services rendered b....
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....India. A non-resident, not being a company, or a foreign company. (a) Such royalty is received from the National Technical Research Organisation; or (b) such fees is for technical services rendered to the National Technical Research Organisation. 8. Interest received. Non-resident or a person who is not ordinarily resident. Such interest is received in India on a deposit made on or after the 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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....c) the contract manufacturer is located in a custom bonded area, that is, a warehouse referred to in section 65 of the Customs Act, 1962 (52 of 1962); ^4[(d) the contract manufacturer produces specified electronic goods on behalf of the foreign company for a consideration; and] (e) such exemption shall be available up to the tax year ^5[2040-2041]. 13B. Any income which accrues or arises outside India, and is not deemed to accrue or arise in India. An individual, being a non-resident for a period of five consecutive tax years immediately preceding the tax year during which he visits India for the first time for rendering services in India in connection with any scheme as may be notified by the Central Government. (a) Such individual, during the relevant tax year renders any service in India in connection with any scheme as may be notified by the Central Government; (b) such exemption shall not be available beyond a period of five consecutive tax years commencing from the first tax year during which he visits India in connection with such scheme; and (c) such other conditions, as may be prescribed. 13C. Any income accruing or arising in India o....
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.... subject to furnishing of information in such form and manner, as may be prescribed; and (d) such exemption shall be available up to the tax year ending on the 31st March, 2041.] 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 therein. Note 1.-For the purposes of Sl. No. 9,-- (a) "specified company" means any company, other than a domestic company which operates cruise ships in India and opts to pay tax as per the provisions of section 61(2) (Table: Sl. No. 2); (b) "holding company", in relation to a foreign company or a specified company, means a company of which such companies are subsidiary companies; and (c) "subsidiary company" or "subsidiary", in relation to a holding company, means a company in which the holding company exercises or controls more than one-half of the total share capital either at its own or together with one or more of its subsidiary companies. Note 2: For the purposes of Sl. No. 10,-- "Europea....
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....e purposes of Sl. No. 13G,- (a) "contract manufacturer" means an Indian company which produces specified electronic goods on behalf of any foreign company in a custom bonded area; (b) "custom bonded area" means a warehouse as referred to in section 65 of the Customs Act, 1962 (52 of 1962); and (c) "specified electronic goods" shall have the meaning assigned to it in Note 2A.] *************** NOTES:- 1. Corrected vide Corrigenda dated 03-09-2025 before it was read as, "Act, 196" 2. Inserted vide Section 124 of the Finance Act, 2026 w.e.f. 01-04-2026 3. Inserted vide Section 124 of the Finance Act, 2026 w.e.f. 01-04-2026 4. Substituted vide Section 4 of the Taxation and Other Laws (Amendment) Act, 2026 w.e.f. 01-04-2026 before it was read as, "(d) the contract manufacturer produces electronic goods on behalf of the foreign company for a consideration;" 5. Substituted vide Section 4 of the Taxation and Other Laws (Amendment) Act, 2026 w.e.f. 01-04-2026 before it was read as, "2030-2031" 6. Om....