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<h1>Schedule IV exempts specified income for eligible non-residents and foreign companies, subject to residency, stay, permissions, and documentation.</h1> Schedule IV exempts specified categories of income from total income for eligible non-residents, foreign companies and related persons, conditional on residency status, duration of stay, absence of trade or business in the jurisdiction, regulatory permissions and Central Government notifications or agreements. Exemptions cover bank interest on NRE accounts, diplomatic remuneration, short-term non-resident employment income, certain royalties/fees to security agencies, offshore banking deposits, intra-group cruise lease rentals, notified crude-oil arrangements and EEC investments. Differences between the enacted Act and the original Bill are editorial or phrasing variations only; no substantive change in scope is discernible. Compliance documentation and notifications are critical.