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of <h1>Foreign Income Exemption: Rolls-Royce Defense Services' $2.7M from Technical Services Not Taxable in India under Sec 10(6C.</h1> The Central Government, under clause (6C) of section 10 of the Income-tax Act, 1961, has specified that income received by a foreign company, M/s. Rolls-Royce Defense Services, Inc., from royalty or fees for technical services under the Mission Ready Management Solutions Agreement with the Centre for Air Borne Systems, Defence Research and Development Organisation, Ministry of Defence, will not be included in the company's total income. This exemption applies to an amount of USD 27,36,276.11 as per Notification No. 39/2019 dated 10th May 2019.
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