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of <h1>Section 80RRB: Resident patentee can deduct patent royalties up to Rs 3 lakh, subject to certificate and remittance rules</h1> An individual resident who is a patentee and receives royalty from a patent registered on or after 1 April 2003 may deduct from gross total income an amount equal to the royalty received or Rs. 3 lakh, whichever is less, subject to conditions. Royalties from compulsory-licence arrangements are limited to amounts fixed by the Controller. Foreign-source royalty is eligible only to the extent remitted to India in convertible foreign exchange within six months (or extended period). A prescribed authority's certificate must accompany the return; no deduction is allowed without it, nor may the same income be deducted under any other provision. Royalty includes lump-sum consideration but excludes capital gains and sales consideration.
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