Tax exemption under section 10(6C) - royalty and technical service fees excluded from taxable income for specified foreign company. The Central Government, under section 10(6C) of the Income tax Act, 1961, notified that income of M/s Elbit Systems Limited characterized as royalty or fees for technical services received under the contract with the Ministry of Defence (contract AIRHQ/S96344/1/ASR dated 30 January 2017) shall be excluded from computing the company's total income to the extent specified in the notification.
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Tax exemption under section 10(6C) - royalty and technical service fees excluded from taxable income for specified foreign company.
The Central Government, under section 10(6C) of the Income tax Act, 1961, notified that income of M/s Elbit Systems Limited characterized as royalty or fees for technical services received under the contract with the Ministry of Defence (contract AIRHQ/S96344/1/ASR dated 30 January 2017) shall be excluded from computing the company's total income to the extent specified in the notification.
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