Royalty income definition revised to cover payments from foreign governments or enterprises for use of IP outside India. The provision substitutes the clause to confine chargeable royalty to income received by the assessee from the Government of a foreign State or a foreign ... Summary
Royalty income definition revised to cover payments from foreign governments or enterprises for use of IP outside India.
The provision substitutes the clause to confine chargeable royalty to income received by the assessee from the Government of a foreign State or a foreign enterprise as consideration for the use outside India of any patent, invention, design or registered trade mark, effective from the 1st day of April, 1998.
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