Scheme of presumptive taxation extended for non-resident providing services for electronics manufacturing facility

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..... position India as the global hub for Electronics System Design and Manufacturing, a comprehensive program for the development of semiconductors and display manufacturing ecosystem in India was approved by Government of India. Ministry of Electronics and Information Technology has notified Schemes for setting up of such facilities in India. 2. In this context, it has been represented that non-res .....

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..... r cent of the aggregate amount received/ receivable by, or paid/ payable to, the non-resident, on account of providing services or technology, as profits and gains of such non-resident from this business. This will result in an effective tax payable of less than 10% on gross receipts, by a non-resident company. 5. This amendment will take effect from the 1st day of April, 2026 and shall according .....

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