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of <h1>Amendment to Section 10(4E) of Income Tax Act: Extends Exemption for Non-Residents' Income with IFSC Units from April 2026.</h1> The Union Budget 2025-26 proposes an amendment to Section 10, clause (4E) of the Income Tax Act, concerning exempt income for non-residents. Currently, non-residents' income from specific financial instruments with International Financial Services Centre (IFSC) units is exempt from inclusion in total income. The amendment aims to extend this exemption to include income from transactions with Foreign Portfolio Investors operating as IFSC units, subject to prescribed conditions. This change will be effective from April 1, 2026, applicable to the assessment year 2026-27 and onwards.
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