{"id":22468,"date":"2019-07-30T12:33:41","date_gmt":"2019-07-30T07:03:41","guid":{"rendered":"https:\/\/enterslice.com\/learning\/?p=22468"},"modified":"2020-08-27T14:08:52","modified_gmt":"2020-08-27T08:38:52","slug":"itr-exemption-to-non-resident-indians-on-ifsc-investments","status":"publish","type":"post","link":"https:\/\/enterslice.com\/learning\/itr-exemption-to-non-resident-indians-on-ifsc-investments\/","title":{"rendered":"ITR Exemption to Non-Resident Indians on IFSC Investments"},"content":{"rendered":"

The nonresident taxpayers are allowed ITR exemption on IFSC investments as per the notification issued by the Central Board of Direct Taxes (CBDT[1]<\/a><\/sup><\/strong>). The nonresident has been defined as both a foreign company also as an individual not being a foreign company.<\/p>\n\n\n\n

The criteria being that they only have income from investment in an investment fund<\/strong><\/a> set up in the International Financial Services Centre IFSC, located in India. Also, the tax must be deducted at source on the same under the section 194LBB. Additionally, there must not be any other income during this period.<\/p>\n\n\nincome-from-investment
<\/a>\n

<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The nonresident taxpayers are allowed ITR exemption on IFSC investments as per the notification issued by the Central Board of Direct Taxes (CBDT[1]). The nonresident has been defined as both a foreign company also as an individual not being a foreign company. The criteria being that they only have income from investment in an investment […]<\/p>\n","protected":false},"author":14,"featured_media":22473,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1473],"tags":[2618],"acf":{"service_id":"78"},"yoast_head":"\nITR Exemption to Non-Resident Indians on IFSC Investments - Enterslice<\/title>\n<meta name=\"description\" content=\"ITR Exemption is available to Non-Resident Indians on IFSC investments. The CBDT notification allowed exemption in ITR. PDF Download\" \/>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterslice.com\/learning\/itr-exemption-to-non-resident-indians-on-ifsc-investments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ITR Exemption to Non-Resident Indians on IFSC Investments - Enterslice\" \/>\n<meta property=\"og:description\" content=\"ITR Exemption is available to Non-Resident Indians on IFSC investments. The CBDT notification allowed exemption in ITR. PDF Download\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterslice.com\/learning\/itr-exemption-to-non-resident-indians-on-ifsc-investments\/\" \/>\n<meta property=\"og:site_name\" content=\"Enterslice\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/enterslice\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-30T07:03:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-08-27T08:38:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2019\/07\/Important-Update-on-ITR-Filing-Exemption.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@enterslice\" \/>\n<meta name=\"twitter:site\" content=\"@enterslice\" \/>\n<!-- \/ Yoast SEO plugin. -->","authorName":"Akash Dubey","authorImageUrl":"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2019\/04\/DSC_04891.jpg","authorDescription":"Akash Dubey is a Law Graduate and works as an\r\nAdvisor at Enterslice. He is proficient in Legal\r\nand Financial Advisory. His expertise in the\r\nskills of Legal and Financial Research is an aid\r\nto his strengths as an Advisor.","postViews":420,"readingTime":1,"nextPost":{"id":22490,"slug":"date-extension-for-gst-form-cmp-02-and-cmp-08"},"prevPost":{"id":22401,"slug":"implications-of-newly-introduced-section-194m"},"featuredMediaUrl":"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2019\/07\/Important-Update-on-ITR-Filing-Exemption.jpg","postTerms":"Income Tax","_links":{"self":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/posts\/22468"}],"collection":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/comments?post=22468"}],"version-history":[{"count":0,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/posts\/22468\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media\/22473"}],"wp:attachment":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media?parent=22468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/categories?post=22468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/tags?post=22468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}