Section - 10(4F) (of Income Tax Act, 1961), Income-tax Act
Section - 10(4F) (of Income Tax Act, 1961), Income-tax Act
Incomes not included in total income.
Any income of a non-resident by way of royalty or interest on account of lease of an aircraft or a ship in a previous year paid by a unit of an International Financial Services Centre as referred to in sub-section (1A) of section 80LA (of Income Tax Act, 1961), if the unit has commenced its operations on or before the 31st day of March, 2024.
Explanation.—For the purposes of this clause,—
(i) "aircraft" means an aircraft or a helicopter, or an engine of an aircraft or a helicopter or any part thereof;
(ii) "ship" means a ship or an ocean vessel, engine of a ship or ocean vessel, or any part thereof;
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