India - Income Tax Act 2010 - Saarc

S. 10(8) I.T. ACT, 1961 1.4821[(6BB) where in the case of the Government of a foreign State or a foreignenterprise deriving income from an Indian company engaged in thebusiness of operation of aircraft, as a consideration of acquiring anaircraft or an aircraft engine (other than payment for providingspares, facilities or services in connection with the operation of leasedaircraft) on lease under 22 [an agreement entered into after the 31stday of March, 1997 but before the 1st day of April, 1999, or enteredinto after the 23 [31st day of March, 24 [2007]] and approved by theCentral Government in this behalf] and the tax on such income ispayable by such Indian company under the terms of that agreementto the Central Government, the tax so paid.Explanation.—For the purposes of this clause, the expression “foreignenterprise” means a person who is a non-resident;]25[(6C) any income arising to such foreign company, as the Central Governmentmay, by notification 26 in the Official Gazette, specify in thisbehalf, by way of 27 [royalty or] fees for technical services received inpursuance of an agreement entered into with that Government forproviding services in or outside India in projects connected withsecurity of India ;](7) any allowances or perquisites paid or allowed as such outside India bythe Government to a citizen of India for rendering service outsideIndia ;(8) in the case of an individual who is assigned to duties in India inconnection with any co-operative technical assistance programmesand projects in accordance with an agreement entered into bythe Central Government and the Government of a foreign State(the terms whereof provide for the exemption given by thisclause)—(a) the remuneration received by him directly or indirectly from theGovernment of that foreign State for such duties, and(b) any other income of such individual which accrues or arisesoutside India, and is not deemed to accrue or arise in India,in respect of which such individual is required to pay anyincome or social security tax to the Government of that foreignState ;21. Inserted by the Finance Act, 1997, w.e.f. 1-4-1998.22. Substituted for “an agreement entered after the 31st day of March, 1997 (but before the1st day of April, 1999) and approved by the Central Government in this behalf” by theFinance (No. 2) Act, 2004, w.e.f. 1-4-2006. Words “30th day of September, 2005” substitutedfor “31st day of March, 2005” by the Finance Act, 2005, w.e.f. 1-4-2006. Earlier thebracketed words were amended by the Finance Act, 1999, w.e.f. 1-4-2000.23. Substituted for “30th day of September, 2005” by the Taxation Laws (Amendment) Act,2005, w.e.f. 1-4-2006.24. Substituted for “2006” by the Finance Act, 2006, w.e.f. 1-4-2007.25. Inserted by the Direct Tax Laws (Amendment) Act, 1989, w.e.f. 1-4-1989.26. For notified companies, see Taxmann’s Master Guide to Income-tax Act.27. Inserted by the Finance Act, 2003, w.e.f. 1-4-2004.