Tax exemption for foreign companies' fees for technical services: income from Seabird project excluded from taxable income. Central Government declares under section 10(6C) that fees for technical services received by REDECON, Australia Pty. Ltd. and NEDECO, Netherlands pursuant to the agreement dated 9 February 1989 for the Seabird project shall not be taken into consideration for computing the total income of those companies under the Income-tax Act, 1961.
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Tax exemption for foreign companies' fees for technical services: income from Seabird project excluded from taxable income.
Central Government declares under section 10(6C) that fees for technical services received by REDECON, Australia Pty. Ltd. and NEDECO, Netherlands pursuant to the agreement dated 9 February 1989 for the Seabird project shall not be taken into consideration for computing the total income of those companies under the Income-tax Act, 1961.
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