Notification No. 66/2015

Section 10(6C) of the Income-tax Act, 1961 - Exemption - Foreign company, income by way of royalty or fees for technical services - Notified Foreign Companies

What this is

Notification No. 66/2015 was published on 13 August 2015. Its subject is Section 10(6C) of the Income-tax Act, 1961 - Exemption - Foreign company, income by way of royalty or fees for technical services - Notified Foreign Companies.

This grants an exemption or a relief under a provision that allows one. Read the conditions attached: an exemption notification is construed strictly, and a condition missed is the exemption lost.

The instrument itself

The text, read by machine from the scan

This is not the department’s typed text. The department published this one as a scanned image of a signed paper, so there is no text in the file to copy. What follows was read off that image by optical character recognition and is reproduced without correction — the mistakes you can see are the machine’s, and there may be others you cannot. It is here so the document can be found and read; it is not a substitute for the file, which is linked below. Do not quote from this page.

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINA RY, PART-II
SECTION 3, SUB-SECTION (ii}]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
(CENTRAL BOARD OF DIRECT TAXES)
INCOME-TAX
No. ££../2015
NOTIFICATION
h~
New Delhi, the [3 August, 2015
5.0. (E). - In exercise of powers conferred by clause (6C) of section 10 of the Income
—tax Act, 1961 (435 of 1961), the Central Government hereby specifies that any income arising to M/s Rosoboronexport, the Federal State Unitary Enterprise, having its registered office at 107076, Moscow, Stromynka Street, 27/3. Russia, by way of royalty or fees for technical services received in pursuance of the agreement vide Contract No:
P2356] 1233623, dated the 24" January, 2007 (for the production of RD-33 Series 3
engines, its aggregates, KSA-2, Aircraft Gear Box and GTDF I1?, Gas Turbine engine power unit [Turbine starter]) between M/s Rosoboronexport, Russia and Hindustan
Aeronautics Limited, India in conformity with the agrecment entered between Government of the Republic of India and the Government of the Russian Federation, to an extent of
Rs.105.50 crore shall not be included in computing the total income of said com pany under the said Act
[F.No.200/29/2009-ITA-T|
} ; (Deepsh{kha Sharma)
Director to the Government of India
To
The Manager
Government of India Press,
Mayapuri Industrial Area, (Near Rajouri Garden), New Delhi

Source: the department’s scanned file.

← Notification No. 65/2015 · Notification No. 67/2015 →

What a notification is. A notification is made under a power the Act itself gives, and within that power it is law — unlike a circular, which only binds the department. Its reach is the reach of the enabling provision and no wider, and the date it carries decides from when it works.

Source: the Income Tax Department’s own published text — its page for this instrument.