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<h1>Foreign Company Exempt from Income Tax on Royalties, Fees for Technical Services u/s 10, Clause 6C of IT Act 1961.</h1> The Central Government, under clause 6C of section 10 of the Income-tax Act, 1961, specifies that income arising to a foreign company from royalty or fees for technical services under a specific agreement with the Centre for Airborne Systems, Defence Research and Development Organisation, will not be included in the company's total income. This exemption applies to an amount of USD 21,67,317.50 received under the Mission Ready Management Solutions Agreement dated July 14, 2017.