Feb. 14, 2021, 2:23 p.m.
(1)Deduction for any Income by way of Royalty for a patent shall be available for up to Rs. 3 lakh or the Income received whichever is less.
(2)The Taxpayer must be an Indian Resident and an Individual Patentee.
(3)The Taxpayer must furnish a certificate in prescribed form duly signed by the prescribed authority.
(1)Deduction for any Income by way of Royalty for a patent shall be available for up to Rs. 3 lakh or the Income received whichever is less.
(2)The Taxpayer must be an Indian Resident and an Individual Patentee.
(3)The Taxpayer must furnish a certificate in prescribed form duly signed by the prescribed authority.