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Non-Taxable Income of NRI |
8. Dividends - With effect from the Assessment year 1998-99, Section 10(33), provides that dividend income in the hands of all shareholders to the extent distributed by any company (as referred to in Section 115-O would be completely exempt from Income-tax.
9. Securities and Bonds -
(a) any income by way of interest on such securities or bonds including income by way of premium on the redemption of such bonds
(b) interest on National savings certificates.
10. Leave travel concession - this concessions was earlier given to residents only has been extended to non residents from the assessment year 1989-90. The exemption will be limited to the amount actually spent.
11. Remuneration for shooting any cinematographic film.
12. Certain incomes of individuals not a citizen of India irrespective of their residential status.
13. Tax holiday for foreign technicians in in certain cases.
14. Remuneration for service on a foreign ship.
15. Remuneration for foreign professors and teachers provided the condition laid down therein satisfied.
16. Remuneration for doing research work In India by foreigners.
17. Remuneration of foreign government employees for training.
18. Specially low rate of income tax on dividends, royalties, interest from securities, fees for technical services in the case of foreign companies.
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