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of <h1>India exempts Rosoboronexport's income from royalties under section 10(6C) of Income-tax Act for HAL contract.</h1> The Central Government of India, under section 10(6C) of the Income-tax Act, 1961, has issued a notification exempting income received by M/s Rosoboronexport, Russia, from royalty or fees for technical services from being included in its total income. This exemption applies to income arising from an agreement with Hindustan Aeronautics Limited, India, related to the production of specific engine components as per a contract dated January 24, 2007. The exempted amount is 103.50 crore, in line with an agreement between the governments of India and the Russian Federation.
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