TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Resident patentee option: flat 10% tax on royalty for patents developed in India with 75% domestic expenditure requirement</h1> Where a resident patentee earns royalty from a patent developed and registered in India, the assessee may opt to have that royalty taxed specially: a flat 10% tax on the royalty plus normal tax on the remainder of total income after excluding the royalty; no deductions or allowances are permitted against the royalty income. 'Developed' requires at least 75% of invention expenditure to be in India. The option must be exercised by the return due date; failure to continue this treatment for any of the five succeeding assessment years bars the special regime for the next five assessment years. Royalty is broadly defined.
TaxTMI 
TaxTMI 
