India's Central Board of Direct Taxes has issued Notification No. 4/2024 regarding an income tax exemption (income exclusion) for non-residents in terms of sub-clause (ii) of clause (4G) of section 10 of the Income-tax Act, 1961. Sub-clause (ii) provides an exemption for any income received by a non-resident from "such activity carried out by such person, as may be notified by the Central Government in the Official Gazette". Based on this, Notification No. 4/2024 notifies the activity of an …