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Income Tax Exemption under Section 10(6A) of Income Tax Act, 1961

Eligible Assessee

Any foreign company

Nature of Income

Tax paid on income earned by way of Royalty or fees for technical services

 

Amount Exempt

Entire amount of such tax

 

Conditions laid down for Tax Exemption u/s 10(6A)

  1. The income is received from Government or Indian concern pursuant to any agreement.
  2. The agreement should be in accordance with industrial policy if it relates to matter referred in such policy or else it should be approved by central govt.
  3. The agreement should be entered into between 31.3.1976 to 1-6-2002

 

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