Tax Relief for Non-Residents: Section 10 Amendment on Offshore Derivative Instruments in IFSC

Last updated: 06 February 2025 Follow on Google News

Amendment of Section 10 related to Exempt income of Non-Residents The existing provisions of clause (4E) of section 10 of the Act provide that any income accrued or arisen to, or received by a non-resident on account of transfer of non-deliverable forward contracts or offshore derivative instrument

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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