Exemption of M/s. Rosoboron Export, Moscow, Russia by Sub-section (6C) of Section 10 of the Income-tax Act, 1961 - 040/2004 - Income Tax

Exemption of M/s. Rosoboron Export, Moscow, Russia by Sub-section (6C) of Section 10 of the Income-tax Act, 1961 Notification No. 40 of 2004, dt. 4th Feb., 2004 In exercise of the powers conferred by Sub-section (6C) of Section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby declares that any income arising to M/s. Rosoboron Export, the Federal State Unitary Enterprise having its registered office at No. 21. Gogolevskij, Boulevard. Moscow, Russia 119992, 1 [ by way of royalty in addition to fees for technical services only ] , received in pursuance of its General Contract No.PB/835611233630 dated 28-12-2000. entered into by it with the President of India, for providing the aforesaid services in or outside India, relating to the projects connected with the security of India, shall not be included in computing the total income of the said company under the Income-tax Act, 1961. 2 [ Provided that the income by way of royalty would be exempt from taxation only where it has been earned on or after 1st April, 2003. ] F. NO.200/36/2003-ITA.I ******* Notes 1. Substituted vide Notification No. 284 of 2004 dated 23-11-2004 before it was read as by way of fees for technical services only 2. Inserted vide Notification No. 284 of 2004 dated 23-11-2004