Income Tax Act
Explore the Income Tax Act, including important provisions, sections, amendments and related tax-law resources. EduTaxTuber explains key provisions in simple language and provides links to relevant rules, notifications, circulars and other income-tax resources. Because the Income-tax Act, 1961 has been repealed from 1 April 2026, readers should check which law applies to the relevant tax year or assessment period.
Important Sections
Income Tax Act, 2025
EDUTAXTUBER · LAW LIBRARY
Income-tax Act, 2025
Full legal text · Act 30 of 2025 · As amended by Finance Act, 2026
Official PDF pages 621–625
SOURCE PDF PAGE 621 Sl. No. Income not to be included in total income Eligible persons Conditions A B C D Registration Act, 1860 (21 of 1860), or under any other law and wholly fi - nanced by the Central Government, or any State Government or State Governments, or partly by the Cen - tral Government and partly by one or more State Governments. 6. Any income arising by way of royalty or fees for technical services. Any foreign company. ( a ) Such company is no - tified by the Central Government; and ( b ) such income is re - ceived in pursuance of an agreement en - tered into with the Central Government for providing services in or outside India in projects connected with security of India. 7. Any income arising by way of royalty from, or fees for technical services rendered in or outside India. A non-resident, not being a company, or a foreign company. ( a ) S u c h r o y a l t y i s received from the National Technical Research Organisa - tion; or ( b ) such fees is for tech - nical services ren - dered to the National Technical Research Organisation. 8. Interest received. Non-resident or a per - son who is not ordi - narily 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). ────────── SOURCE PDF PAGE 622 Sl. No. Income not to be included in total income Eligible persons Conditions A B C D 9. Income from lease rentals, by whatever name called, of cruise ship. Foreign company. ( a ) Such income is re - ceived from a speci - fied company which operates such ship or ships in India; ( b ) such foreign compa - ny and the specified company are sub - sidiaries of the same holding company; and ( c ) such income is re - ceived or accrues or arises in India for any relevant tax year be - ginning 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 Eco - nomic Community. Such investments are made out of its funds under such scheme as the Central Government may, by noti - fication specify. 11. Any income received in India in Indian currency. A foreign company. ( a ) Such income is on account of sale of crude oil or any other goods or rendering of services, as may be notified by the Central Government in this behalf, to any person in India; ( b ) receipt of such income in India by the foreign company is pursuant to an agreement or an arrangement entered into by the Central Government or ap - proved by the Central Government; ( c ) such foreign company and the agreement or ────────── SOURCE PDF PAGE 623 Sl. No. Income not to be included in total income Eligible persons Conditions A B C D arrangement is no - tified by the Central Government, having regard to the national interest; and ( d ) such foreign company is not engaged in any activity in India, other than activity resulting in such income. 12. Any income accruing or arising on account of storage of crude oil in a facility in India and sale of such crude oil to any person resi - dent in India. A foreign company. ( a ) Such storage and sale by the foreign company is pursuant to an agreement or an arrangement entered into by the Central Government or ap - proved by the Central Government; and ( b ) such foreign company and the agreement or arrangement is no - tified by the Central Government, having regard to the national interest. 13. Any income accruing or arising on account of sale of leftover stock of crude oil, if any, from the facili - ty in India after the expiry of the agree - ment or arrangement referred to against serial number 12 or on termination of the said agreement or arrangement. A foreign company. Such sale shall be as per the terms mentioned in the said agreement or arrangement, subject to such conditions as may be notified by the Central Government in this behalf. 39 [ 13A. Any income arising on account of pro - viding capital goods, equipment or tooling to a contract manu- A foreign company, who is providing capital goods, equipment or tooling to the contract manufacturer for use in ( a ) Ownership of such capital goods, equip - ment or tooling re - mains with the foreign company; 39. Sl. Nos. 13A, 13B and 13C inserted by the Finance Act, 2026, w.e.f. 1-4-2026 . ────────── SOURCE PDF PAGE 624 Sl. No. Income not to be included in total income Eligible persons Conditions A B C D facturer, being a com - pany resident in India. electronic manufactur - ing in India. ( b ) such capital goods, equipment or tooling is under the control and direction of the con - tract manufacturer; ( c ) the contract manufac - turer is located in a custom bonded area, that is, a warehouse referred to in section 65 of the Customs Act, 1962 (52 of 1962); ( d ) the contract manufac - turer produces elec - tronic goods on behalf of the foreign company for a consideration; ( e ) such exemption shall be available up to the tax year 2030-2031. 13B. Any income which accrues or arises out - side India, and is not deemed to accrue or arise in India. An individual, being a non-resident for a peri - od 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 ) S u c h i n d i v i d u a l , 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 be - yond 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 A foreign company. ( a ) Such foreign compa - ny is notified by the ────────── SOURCE PDF PAGE 625 Sl. No. Income not to be included in total income Eligible persons Conditions A B C D or deemed to accrue or arise in India by way of procuring data centre services from a specified data centre. Central Government in this behalf; ( b ) such foreign company does not own or oper - ate any of the physical infrastructure or any resources of the spec - ified data centre; ( c ) all sales by such for - eign company to users located in India are made through a re - seller entity being an Indian company; ( d ) such foreign com - pany maintains and furnishes such infor - mation in such form and manner, as may be prescribed; and ( e ) such exemption shall be available up to tax year ending on the 31st March, 2047. ] 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 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
This HTML text is an automated extraction of an official publication; extraction may alter spacing, table alignment, symbols or footnotes. Check the authoritative government document for legal interpretation. Not government-affiliated. Informational use only.