Income arising to Foreign Company by way of fees for technical services notified foreign company u/s 10(6C) of Income Tax Act, 1961

 Income arising to Foreign Company by way of fees for technical services notified foreign company u/s 10(6C) of Income Tax Act, 1961

NOTIFICATION NO. 40/2011 [F. NO. 200/3/2011-ITA.I]

DATED 29-7-2011

In exercise of the powers conferred by clause (6C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government herby notifies that any income arising to M/s. EADS Deutschland GmbH Worthstrable 85,89077 Ulm Germany by way of fees for technical services received in pursuance of the agreement entered into by the Government of India with M/s. EADS Deutschland GmbH, dated the 22nd June, 2010, for providing Consultancy Services for Airborne Early Warning and Control System, connected with security of India shall not be included in computing the total income of a previous year of the said company under the said Act.