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The Central Government notifies that income arising to M/s. Dassault Aviation S.A. by way of royalty or fees for technical services is exempt from total income under section 10, clause (6C) of the Income-tax Act, 1961. The exemption applies to income received under an agreement for undertaking retrofitting of defence aircraft connected with the security of India. The Central Board of Direct Taxes publishes this notification.
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2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 17th June, 2015 No. 46/2015-Income-tax S.O. 1631(E).—In exercise of powers conferred by clause (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. Dassault Aviation S.A., having its office at S.A. au capital de 81 007 176 Euros RCS Paris B 712 042 456, by way of royalty or fees for technical services received in pursuance of the agreement vide General Contract No. Air HQ/96102/2/ASR-DA, on dated 29th July, 2011 entered into between M/s. Dassault Aviation and Thales Systemes Aeroportes and the Government of India for undertaking retrofitting of fifty-one defence aircraft 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.
[F. No. 200/17/2014-ITA-I]
DEEPSHIKHA SHARMA, Director
