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CBDT notifies tax exemption to Rolls-Royce Defense Services Inc on income arising from royalty/FTS from India

May 13, 2019
The Central Board of Direct Taxes (CBDT) has notified that income arising to Rolls-Royce Defense Services Inc., by way of royalty or fees for technical services received in pursuance of the Mission Ready Management Solutions Agreement dated 24-02-2014, shall not be included in computing its total Income.
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