Gross Total Income

Section 10(6) of the Income Tax Act, 1961 provides tax exemptions for certain types of remuneration received by individuals who are not citizens of India. Specifically, Section 10(6)(ii) deals with exemptions for remuneration received by officials of foreign embassies, high commissions, and other diplomatic missions in India. Key Provisions of Section 10(6)(ii) The exemption under […]

Section 10(6A) of the Income Tax Act, 1961, provides a tax exemption to foreign companies on income earned in India in the form of royalty or fees for technical services (FTS), provided certain conditions are met. This exemption applies when the Indian government or an Indian concern pays tax on behalf of the foreign company under a tax agreement. Key

Section 10(6B) of the Income Tax Act, 1961, provides a tax exemption to non-residents (including foreign companies) on income earned from the Government of India or an Indian concern under an approved agreement. This exemption applies when the Indian government or an Indian concern pays the tax on behalf of the non-resident/foreign company. Key Features of Section 10(6B) Who Can Claim? Non-residents

Section 10(6BB) of the Income Tax Act, 1961 provides a tax exemption to foreign governments or foreign enterprises on income earned from leasing aircraft or aircraft engines to Indian companies. This exemption applies when the Indian lessee (company) pays the tax on behalf of the foreign entity under an approved agreement. Key Features of Section 10(6BB) Eligible Entities: Government of a

Overview of Section 10(6C) Section 10(6C) provides a tax exemption to foreign companies on income received as: Royalty(payments for use of patents, copyrights, trademarks, etc.) Fees for Technical Services (FTS)(technical know-how, consultancy, etc.) when the Indian payer (Government or Indian concern) bears the tax liability under an approved agreement. Key Conditions Applicable Period: Agreements made between 1st June 2002 and 31st March

Section 10(6D) provides a tax exemption to non-residents (other than foreign companies) on income received as: Royalty(payments for use of patents, copyrights, trademarks etc.) Fees for Technical Services (FTS)(consultancy, technical assistance etc.) when the Indian payer (Government or Indian concern) bears the tax liability under an approved agreement. Key Conditions Applicable Period: Agreements made between 1st June 2002 and 31st March 2024

Understanding Section 10(7) Section 10(7) provides a complete tax exemption for: Allowances Perquisites paid outside Indiaby the Indian Government to its citizen employees for services rendered outside India. Key Features ✔ Applicable to: Indian government employees (including diplomats, military personnel, scientists etc.) ✔ Location Requirement: Services must be rendered outside India ✔ Payment Condition: Allowances/perquisites must be paid outside India ✔ Exemption Scope: 100% exemption on such foreign-paid

Understanding Section 10(8) Section 10(8) provides tax exemption for income received by: Foreign technicians/experts Employees of foreign governments/international agencies working in India under bilateral technical assistance programsapproved by the Indian government. Key Features ✔ Who Can Claim?: Foreign government employees Technical experts from international agencies (UN, World Bank etc.) Their family members (limited cases) ✔ Exempt Income Types: Salaries Allowances

Understanding Section 10(8A) Section 10(8A) provides full tax exemption on remuneration received by: Non-Indian citizens working for specified international organizationsin India. Key Features ✔ Who Can Claim?: Foreign nationals (non-Indian citizens) Employees/consultants of approved international bodies ✔ Covered Organizations: United Nations (UN) & its specialized agencies (WHO, UNICEF, etc.) World Bank, IMF, ADB Other organizations notified by Central Government ✔ Exempt

Understanding Section 10(8B) Section 10(8B) provides tax exemption for income received by: Foreign employees Foreign consultants working in India under approved technical assistance programsfunded by: ✔ Foreign governments ✔ International agencies Key Features ✔ Who Can Claim?: Non-resident individuals Foreign government employees Experts from international organizations ✔ Exempt Income Types: Salaries Consulting fees Allowances Any program-related remuneration ✔ Approval Requirement: Must